Nine Entertainment partner with Fairfax for StreamCo video service

Nine Entertainment has announced that it will partner with Fairfax for StreamCo, an upcoming subscription-based video-on-demand service. StreamCo will offer access to "a substantial catalogue spanning TV series, movies kids and family programming, documentaries from a wide range of leading Australian and international studios along with market-leading content from Nine".

By Alex Choros

Nine Entertainment has announced that it will partner with Fairfax for StreamCo, an upcoming subscription-based video-on-demand service. StreamCo will offer access to "a substantial catalogue spanning TV series, movies kids and family programming, documentaries from a wide range of leading Australian and international studios along with market-leading content from Nine".

Content provided by StreamCo will be viable on televisions, tablets, PCs and mobile devices. The service will be available for a fixed monthly fee with no minimum term commitment.

Nine and Fairfax have both agreed to commit up to AUD$50 million each to the venture over a "multi-year period", but a timeframe for this expenditure was not specified. This amount includes marketing and advertising.

StreamCo is expected to launch during the 2015 financial year. The service will rival Quickflix, Dendy Direct and Foxtel Presto. It is also expected to face competition from Netflix, which is rumoured to launch Australia in early 2015.

Source: ASX

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