Posted: 4 October, 2016
Aussie Streaming Service Presto Is Closing Down
Australian Netflix rival Presto is set to switch off at the end of January.
Foxtel will purchase Seven West Media’s 50 per cent stake in the streaming service.
Subscribers will be transferred to the Foxtel Play on-demand service.
“We look forward to continuing to work closely with Foxtel, in particular in the creation of new programming content,” said Tim Worner, CEO and Managing Director, Seven West Media.
“It has been great working with the team at Seven on Presto and we look forward to future collaborations. We are delighted to be able to offer Presto subscribers access to the new look Foxtel Play, which we know will be highly attractive to them,” Peter Tonagh, Foxtel CEO said.
“From December 2016, Presto customers will be able to access the new Foxtel Play product. Presto will cease on 31 January 2017.
“Presto and Foxtel Play subscribers will have exclusive Australian access to two new Home and Away specials to be released this summer. The production of these Home and Away specials underlines the ongoing partnership between Foxtel and Seven West Media on content production for new consumer services.”