Subscribers to Netflix and other streaming services are watching on average eight hours of SVOD content per week.
Not only is Netflix creaming Stan and Presto, the US streaming giant's Australian service is causing a decline in the legitimate downloads of movies and TV shows.
New and established Optus broadband customers will get a six months subscription to Netflix at no extra cost for those who take out 24-months contracts.
Netflix has bought US, UK and Ireland rights to Gristmill Productions’ mockumentary series Little Lunch.
While new shows launched on Australian commercial-free-to-air can live or die on the ratings for the first couple of episodes, Netflix’s Australian subscribers are much more patient.
Foxtel is supremely confident subscribers won't desert the full-service pay TV model in favour of the far cheaper streaming services.
The free-to-air broadcasters’ audiences collectively are down 9 per cent on last year and further erosion is inevitable with the rise of Netflix and other streaming services.
In the not-too-distant future consumers around the world including Australia will be able to buy content direct from the US studios and indie producers, bypassing TV broadcasters.