Pay-TV penetration has been stuck below 30% of Australian homes for years- but PwC predicts a massive upswing in subscriptions.
Two Netflix acquisition executives are due to spend most of next week in Sydney, another sign that the US streaming giant plans to launch Down Under.
Netflix is preparing to launch its low-cost, "all you can eat" streaming service in Australia and New Zealand in the first quarter of 2015, according to executives at the US studios.
Australians who are keen to see Netflix enter Australia with its cheap monthly fee for unlimited streaming of film and TV content probably should not hold their breath.
The US streaming giant Netflix is believed to have many thousands of subscribers in Australia despite a geoblock which is supposed to prevent Australians from accessing the service.
Foxtel's Showcase channel will premiere the Lionsgate/Netflix original series 'Orange is the New Black' on Wednesday, October 9 at 8:30pm.
The proliferation of streamed subscription-based film and TV rental services will make life tougher for free-to-air broadcasters, according to PwC's Australian Entertainment and Media Outlook 2013-2017.
Netflix Inc has acquired the exclusive first run rights to Jonathan M. Shiff Productions' Mako Mermaids in USA/Canada, England, Ireland, Scandinavia, Benelux and Latin America