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Australia: ACCC green lights Presto TV deal

By  |  March 2, 2015

The Australian Competition and Consumer Commission has announced that it will not oppose the proposed acquisition of shares in the Presto Entertainment SVoD service by Seven Network Operations, a subsidiary of Seven West Media, suggesting that competition and consumer choice in paid television services is increasing.

Presto Entertainment provides subscribers with access to general entertainment content including premium and library drama and children’s content.

It found that there was a wide range of content available to SVOD providers and the joint venture was “unlikely to have a significant competitive advantage in obtaining access to compelling content”.

 

Full Content: Advanced Television

 

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