Far from hurting the incumbent streaming platforms, Netflix's Australian launch has spurred awareness and demand for the SVOD category, benefiting Stan and Presto.
Foxtel is slashing the monthly subscription fee for its struggling movies streaming service Presto as a defensive move against the looming launches of Nine Entertainment Co's StreamCo and Netflix.
Streaming service Stan has scored a coup in the battle with Presto Movies/Presto TV and the incoming Netflix by signing a major content deal with Roadshow Entertainment.
Quickflix shares resumed trading on Thursday morning after a two-day halt as the company announced it has raised $775,000 from new investors.
Telstra has unveiled the new Telstra TV streaming device which will be available for purchase by Telstra customers from Tuesday October 27.
New episodes of two of Australia’s favourite drama series – A Place to Call Home and Wentworth – are now available to stream on demand on Presto.
Presto TV has commissioned a Home and Away special event exclusively for the on-demand streaming service.
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.