A PYMNTS Company

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.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    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

     

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.