Presto closure costs Foxtel $21m
Folding SVOD service Presto into Foxtel’s existing subscription on-demand service has cost the Australian pay TV operator US$21 million, numbers released this week reveal. Foxtel’s net income for the three months to September 31 fell from US$42 million last year to US$16 million, primarily due to the decision to close Presto in January 2017. “Equity […]