Australia’s streaming sector went through a major contraction this week with the announcement that Presto will close in January, while Quickflix has been sold to a US investor.
Tag: Foxtel
Streaming overtakes pay-TV in Australia
Australia now has more people paying for streaming services, such as Netflix, Stan and Presto, than for conventional pay-TV, according to a new report from Roy Morgan Research.
Foxtel, Seven joins forces in SVOD battle
Australia’s Foxtel and Seven West have joined forces to launch streaming service Presto Entertainment ahead of Netflix’s assault on the Australian market next March.
Netflix heading for Australia
Netflix is understood to be planning a launch in Australia and New Zealand in 2015, with two acquisitions executives visiting Sydney next week.