Original article by Jared Lynch
The Australian Financial Review – Page: 33 : 18-May-15

The Australian Competition & Consumer Commission has approved the Presto joint venture between Seven West Media and Foxtel. Presto’s Shaun James says this will allow the partners to substantially increase the content that is available on the video streaming service. Meanwhile, Fraser McLeish of Credit Suisse expects US-based Netflix to become the leading player in Australia’s video streaming sector. He forecasts that the industry will boast revenue of $A700m by 2023.

CORPORATES
SEVEN WEST MEDIA LIMITED – ASX SWM, FOXTEL MANAGEMENT PTY LTD, PRESTO ENTERTAINMENT PTY LTD, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, NETFLIX INCORPORATED, CREDIT SUISSE (AUSTRALIA) LIMITED, STAN, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, FAIRFAX MEDIA LIMITED – ASX FXJ, QUICKFLIX LIMITED – ASX QFX, CITIGROUP PTY LTD, GOOGLE INCORPORATED