(Telecompaper) Australian pay-TV provider Foxtel is revamping its streaming service Foxtel Play from December. Foxtel CEO Peter Tonagh said Foxtel Play will be a "simpler, cheaper and more flexible IP delivered product", similar to HBO Now in the US and Now TV by Sky in the UK. The new service will have five entry-level tiers, including two options for drama priced at AUD 15 per month each or AUD 25 for both, and at the AUD 10 per month level, an option for Lifestyle, one for Documentary and one for Kids. In addition, customers will be able to take the Sports tier for an extra AUD 25 per month and the Movies tier for an additional AUD 20 per month. The announcement comes on the same day as Foxtel revealed that it acquired Seven West Media's shares in the Presto TV joint venture. The streaming service Presto will be shut down and customers will be invited to transition to the new Foxtel Play packages.