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
Nine Entertainment Co.
​Nine Entertainment launches largest Australian media IPO
Sydney - Just a year after it was pulled from the brink of insolvency, Nine Entertainment Co. announced an initial public offering that would give it a market value of around US$2 billion, the biggest ever listing of an Australian media company. Nine said in a prospectus day that it planned to offer shares at between 2.05 Australian dollars (US$1.94) and A$2.35 each, valuing the company at up to A$2.17 billion. In October last year, lenders including U.S. hedge funds and Goldman Sachs … [Read more...] about ​Nine Entertainment launches largest Australian media IPO
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’s MD Jeffrey Browne steps down
Jeffrey Browne is stepping down as Managing Director of the Nine Network on August 1, 2013, announced Nine Entertainment Co. CEO David Gyngell. “Jeff’s made the call after seven terrific years at the top of the Network - the time is right for him and he departs the role with Nine in fantastic shape,” Gyngell said. “I’ll miss him not only as a robust and talented Managing Director, but the best deal closer in the business, a friend and simply a terrific bloke. He … [Read more...] about NINE’s MD Jeffrey Browne steps down
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