According to a report in the AFR, channels Nine and Seven have held talks about a video-streaming joint venture.
Reportedly, if it went ahead, the joint venture product would be similar to on-demand content streaming services such as Netflix and Hulu.
Though sources warned, in the article, that both sides had reservations about working together under a formal agreement.
However senior Seven executives are said to have been seconded to the network’s Sydney office to develop a subscription video on demand service (SVOD).
Seven boss Tom Worner told the AFR the network had received several partnership offers.
Business Insider Emails & Alerts
Site highlights each day to your inbox.