Seven West Media signs up for Foxtel’s Presto with TV to be added to streaming mix

presto foxtel and sevenSeven West Media has signed on with Foxtel’s streaming service Presto with TV programming set to be added to the service from next year.

This morning the two companies confirmed the long-expected move, which will see Seven and Foxtel own 50 per cent each of the new entity Presto Entertainment.

No date has yet been set for the new service, which will see some HBO content added to the library as well as rights for some of Seven’s top shows, but it is thought the new offering will be launched in advance of US giant Netflix’s arrival locally in March.

It will also face competition from Nine Entertainment Co and Fairfax Media’s joint venture Stan, which is set to launch early in the new year.

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