Network Ten has lost nearly half a billion dollars over the past two years, but is now considering whether to make a bid for the blockbuster NRL broadcasting rights after its owner, American entertainment and streaming giant Paramount, was acquired by one of the world’s richest men.
New filings with the corporate regulator show the network, which broadcasts shows like MasterChef and Survivor, lost $322 million in 2023 and $162 million last year. A separate entity that represents the local sales and marketing for the Paramount+ streaming business reported slim profits of $3.5 million and $3.4 million over the same period, its accounts show.
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