Foxtel to close Presto after buying out Seven

Australian pay TV operator Foxtel plans to close its SVOD service, Presto TV, after buying out joint venture partner Seven West Media. Presto will cease to operate on January 31, 2017, with its subscribers transferring to a new Foxtel Play product. They will be able to use the new platform from December. Presto was not […]

Shares in Aussie SVOD service suspended

Struggling Australian subscription on-demand service Quickflix has had its shares suspended from the country’s stock exchange. The firm has failed to pay its annual listing fees on the Australian Securities Exchange and was therefore one of the companies blocked from trading. Quickflix went into administration in April in the face of stiff competition from Netflix, […]

Report: Seven to exit SVOD joint venture

Seven West Media is set to pull out of its joint venture subscription video-on-demand platform Presto, according to local reports. Rather than agreeing a full financial year agreement for the service with JV partner Foxtel, Seven Network’s parent reportedly has opted for a six month budget. The Australian reports Presto is under “extreme pressure” from […]

Aussie SVOD service calls in administrators

Embattled Australian subscription on-demand service Quickflix has entered into administration. The Australian Securities Exchange-listed company has appointed partners from Ferrier Hodgson as voluntary administrators, though trading continues as usual. Quickflix’s New Zealand arm is not included in the administration process. Quickflix said it had taken the move as its struggled to raise new capital due […]

Foxtel ‘plots own streaming device’

Australian pay TV giant Foxtel is reported to be planning to launch a streaming device that would offer free and paid-for services. Billed by the Australian Financial Review as an “Apple TV-style streaming device”, the product could potentially offer Foxtel’s online streaming service Foxtel Play. The device would compete with Telstra TV, a television set […]

Quickflix China acquisition off

Struggling Australian SVOD service Quickflix has called off its planned acquisition of an unnamed Chinese media firm. The deal, first revealed to shareholders of the listed company earlier this month, was designed to aid recovery at Quickflix, which has found the Australian subscription on-demand market tough since rival services Netflix, Presto and Stan launched. However, […]

Quickflix plots China deal to create global streamer

Struggling Australian SVOD platform Quickflix is planning to acquire an unnamed Chinese content company. The non-binding memorandum of understanding announced to the Australia Securities Exchange on Wednesday is part of a plan to turn around the fortunes of the streaming company. Quickflix said it would combine its assets with the Shanghai-based company to “form a […]

Netflix undercuts the competition in Australia

Netflix launches in Australia tomorrow and in a fiercely competitive market has come in at a price-point below that of its rivals. The US-listed SVOD service is priced at A$8.99 a month (US$6.99) for the single user standard definition plan. A dual user sub is A$11.99 and the four-user 4K package is A$14.99. The base […]

Netflix secures Optus streaming pact

Ahead of its launch in Australia this month, Netflix has secured a carriage agreement with the country’s second-largest telecoms provider, Optus. The deal means Netflix, which offers exclusive shows such as Marco Polo (pictured), will be offered free of charge for six months to new and renewing Optus customers on some broadband and mobile plans. Prepaid […]

Netflix ‘working up Zelda series, Ten deal’

Netflix is reportedly developing a series based on the popular Legend of Zelda video games, and working on a content and marketing partnership with Australia’s Network Ten. According to The Wall Street Journal, early stage development has begun on a live-action series based on the Zelda series. This would see a young boy, Link, rescuing […]