Sydney – Nine Entertainment Co. (“Nine”) [ASX:NEC] and Fairfax Media Limited (“Fairfax”) [ASX:FXJ] have announced the formation of a joint venture to launch an Australian Subscription Video-On-Demand (SVOD) service (“StreamCo”). StreamCo is expected to launch during the 2015 financial year. It will offer a broad range oflocal and international programming to subscribers for a fixed monthly subscription fee and no minimum term commitment. StreamCo … [Read more...] about Australia’s Nine and Fairfax Media to launch SVOD service
David Gyngell
Nine Entertainment Co to acquire 100% of Mi9
Sydney, Australia - Nine Entertainment Co (NEC) CEO David Gyngell has announced that terms had been agreed with Microsoft to acquire its 50% share of Mi9, an expansion of the ninemsn business. “From 1 November, NEC will take control of Mi9. This agreement will see Mi9 continue to provide market leading digital solutions to Australian consumers and advertisers,” he said. As part of the arrangement, Microsoft has signed a long term strategic partnership agreement, whereby Mi9 … [Read more...] about Nine Entertainment Co to acquire 100% of Mi9
Nine acquires WIN Corp’s Perth station, appoints David Mott as MD
Nine Entertainment Co CEO David Gyngell has announced that terms had been agreed with WIN for the purchase of Channel Nine Perth effective from September 30, 2013. This follows their recent acquisition of NWS Adelaide. "Following detailed discussions with WIN proprietor Bruce Gordon and the completion of due diligence requirements, we are now in a position to finalise the contracts on this pivotal deal for the Nine Network," he said."This is an historic landmark for us because … [Read more...] about Nine acquires WIN Corp’s Perth station, appoints David Mott as MD
