Original article by Max Mason
The Australian Financial Review – Page: 18 : 5-Oct-16

Foxtel will discontinue the Presto subscription video-on-demand service by the end of January 2017, after agreeing to buy out joint venture partner Seven West Media. The pay-TV group will focus on its internet-based Foxtel Play service, which will be relaunched with a bigger range of packages and lower prices. Foxtel Play will be pitched at consumers who want access to premium content but are reluctant to take out a Foxtel broadcast TV subscription.

CORPORATES
FOXTEL MANAGEMENT PTY LTD, PRESTO ENTERTAINMENT PTY LTD, FOXTEL PLAY, SEVEN WEST MEDIA LIMITED – ASX SWM, NETFLIX INCORPORATED, STAN ENTERTAINMENT PTY LTD, QUICKFLIX LIMITED – ASX QFX, TELSYTE PTY LTD, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, FAIRFAX MEDIA LIMITED – ASX FXJ, KARMA MEDIA HOLDINGS, AMAZON PRIME, HBO