Original article by Jake Mitchell
The Australian Financial Review – Page: 31 : 28-Jul-14
Nine Entertainment Company plans to launch a subscription video-on-demand service, potentially before the end of 2014. At one stage it appeared that Nine and arch-rival Seven West Media could have jointly developed the StreamCo product, and this may still be a possibility. StreamCo’s main competitor is likely to be US-based Netflix, which is expected to debut in Australia in 2015. Nine has also bought redeemable preference shares in Quickflix
CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, SEVEN WEST MEDIA LIMITED – ASX SWM, NETFLIX INCORPORATED, QUICKFLIX LIMITED – ASX QFX, FOXTEL MANAGEMENT PTY LTD, HOYTS GROUP PTY LTD, HBO, HULU LLC, TEN NETWORK HOLDINGS LIMITED – ASX TEN