Seven confirms talks as TV networks line up over video streaming

The venture, known as StreamCo, will be owned 50:50 by [Nine Entertainment Co.] and [Fairfax Media] . The service is expected to launch in the current financial year and will offer a range of local and international programming along with Nine’s own content to subscribers for a fixed monthly subscription fee. The move is a response to rapidly changing consumer habits, as increasing numbers of people spend less time watching linear television and more watching instant downloads of videos and movies. It is also an attempt to secure a foothold in the market before US giant Netflix, which has more than 200,000 users in Australia, tries to launch officially in the country. – Jake Mitchell & Dominic White, The Sydney Morning Herald  
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