The JV originally announced back in January was under scrutiny by the governing body, however today’s announcement confirms the joining of Foxtel and Seven to bolster the Presto SVOD offering
“Presto has been steadily building its content proposition and the formalisation of our joint venture with Seven puts us in a position to dramatically ramp up our plans to be a major player in Australia’s SVOD sector,” Presto chief Shaun James announced.
What does this deal mean for Presto Subscribers?
The deal is a strategic move to elevate Presto’s video library in the competitive SVOD market, increasing it’s content offering to over 5,000 hours. Set to roll out over the coming weeks, it will include the introduction of “First on Presto” content, starting with ‘Aquarius’.
Once the deal is in action Presto is set to host 4,443 TV episodes across 254 show titles and expand its movie library to 879 titles.
“We’ve already confirmed key agreements with content providers such as HBO, Showtime and with our key shareholders Foxtel and Seven West Media and we recently announced our first-run exclusive Australian launch of the entire series of Aquarius, starring David Duchovny, coming to Presto Entertainment and Presto TV on Friday, May 29.” James added.
Presto TV Shows
Presto TV brings together a good collection of TV shows including The Walking Dead, The Sopranos, Homeland, Wentworth, Dexter, True Blood, but we at comparetv.com.au are keen to see this expand even further; to stand up to the stiff competition from both Stan and Netflix. We’re really excited for Presto fans as this new JV will help expand their offering and retain market share in this ever changing and developing space.
Watch this space as we’ll keep you informed of any new announcements from Presto.
Presto will retain its Free 30 day trial of its Movie and TV Streaming service.