Combine Nine, QFX and any Fairfax content and you have a content list possibly greater than anything currently on the market.
Also we are talking about content that is already paid for, before having to spend any of the 100 million. Same goes for the streaming platform, QFX has it on a platter for Steamco to use without spending hardly any of the 100 million.
What does it cost to get a streaming platform up and running now days, not much for Streamco it seems.
Another thing is nine got a bargain deal for the preference share off HBO, what did nine do for HBO, could exclusive HBO content be coming to Streamco/Nine/Fairfax/Quickflix?
Seems Streamco has got the option of setting up a streaming business for a fraction of the cost with a substantial content list before spending any real cash.
This looks to be a very smart deal for Streamco, hit the ground running as the dominant streaming platform before any competitors make any real impact on the Australian market for a fraction of the set up cost.
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NEC Price at posting:
$2.06 Sentiment: None Disclosure: Not Held
QFX Price at posting:
1.3¢ Sentiment: Hold Disclosure: Held