The Foxtel Group is putting a digital, streaming TV face on its ageing cable TV chassis and setting itself ambitious growth targets - including 5 million-plus subscribers and $3 billion in revenue - as it continues to pursue a potential float on the ASX.

Foxtel, of which News Corp owns 65 per cent, presented the future of the once-struggling company to investors at its strategy day, pushing a position as a “disrupter” rather than a struggling legacy business.