News

Stan and Presto are growing faster than Netflix

Stan and Presto are building new subscribers faster than Netflix as Australians sign on for second and third services to feed their hunger for streaming media content. According to research by emerging technology analyst firm Telsyte, video on demand (SVOD) services over the internet are running hot with 2.7 million […]
Stan and Presto are growing faster than Netflix
Markets

Shares in video on demand player TV2U are on a tear

Shares in TV2U, an aggregator of video, karaoke and gaming content, soared after a $1.94 million equity raising with institutional, professional and sophisticated investors. A short time ago, the shares were up 9% to 3.6 cents. They have more than doubled from a low of 1.3 cents over the last […]
Shares in video on demand player TV2U are on a tear
Markets

Local Netflix competitor Stan is heading to profit

Stan, a local competitor to the US streaming media giant Netflix, is on track to make a profit. Greg Hywood, CEO of Fairfax Media which has half the subscription video on demand (SVOD) business with the Nine network, says Stan is expected to reach cash flow break even during the […]
Local Netflix competitor Stan is heading to profit
Markets

Telstra could float Foxtel as the cable TV CEO departs

Telstra is reported to be looking at floating its half share in cable TV operator Foxtel. The Sydney Morning Herald said Australia’s biggest telco is considering a $4.5 billion initial public offering. Telstra had no comment, only to say: “Foxtel remains strategically important to Telstra.” At the same time, Foxtel’s […]
Telstra could float Foxtel as the cable TV CEO departs