Foxtel CEO Peter Tonagh has welcomed CBS’s purchase of the Ten Network, however, he’s less impressed that Foxtel’s $77 million investment in the broadcaster appears all but lost.
In a wide ranging speech in Melbourne yesterday, Tonagh said of the CBS move: “The one thing I know having spoken to the CBS team is they don’t see this as short-term investment to flip the business” his comments reported on Fairfax Media websites.
“They see it as a long-term investment to build the business. That can only be good for the industry,” he said.
When it comes to the Multi Channel Network (MCN) – that sells ads on both Ten and Foxtel – Tonagh was less clear of its future role. Tonagh is also an MCN chair.
CBS has already announced it will launch its streaming video on demand service All Access in Australia and Tonagh believed SVODs would become a very crowded and competitive part of the local market.
“There will be more and more of these services… [and] ultimately Australian consumers won’t want to have lots and lots of them,” Tonagh said.
“I think they’ll want to have an aggregator that does a lot of work for them. Our [Foxtel’s] role is as the aggregator,” he said.
Insight-led communications consultancy, The Mint Partners has expanded its technology portfolio with the addition of luxury audio lifestyle brand Bang & Olufsen. Founded in 1925 in Struer, Denmark, Bang & Olufsen has pushed the boundaries of audio technology for almost a century. The company continues to be at the forefront of acoustic innovation with its […]
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Paper Moose has created a campaign for the recently announced carbon-neutral telco brand, felix, due to go to market towards the end of the year. This is the first work from Paper Moose since winning a competitive pitch for the new TPG Telecom brand. The teaser campaign raises awareness of the nearly 1 million tonnes […]
It's your Women In Media picture gallery! The perfect way to have a bludge while pretending to do actual work.
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The Brag Media, Australia’s number one music and entertainment publisher, has today announced it will exclusively represent Australia and New Zealand audiences for Variety. Variety is the most authoritative and trusted source of entertainment business news, reaching an audience of affluent influencers. For 115 years, influential producers, executives and talent in entertainment have turned to […]
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MyDeal.com.au made a splash in the online retail sector last week with its successful IPO on the ASX. This week, however, the brand has made waves on television screens nationwide with the release of its lyrical 2020 Christmas campaign for the all-important December quarter, created in partnership with Cyclone Creative Agency. While COVID-19 has affected […]