There was nothing material in that announcement. Shares moved from Channel 9 to Channel 9s Streamco venture....
"Shares" Maka....
I thought you said they were a loan?
Anyway, they have been moved from a vehicle owned only by Nine....to a vehicle owned by a partnership between Nine and Fairfax...Streamco.
Streamco has been set up to launch a SVOD service...
"At the time Nine told CNET that the Quickflix buy was a "small, opportunistic financial investment".
Why would Nine want to cut Fairfax into a "small opportunistic financial investment"?
Because it isn't!
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