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oxtel has announced their third streaming service platform, Flash, to join the group’s portfolio of Kayo and Binge in a first-of-its-kind dedicated live news streaming service to feature more than 20 local and international news sources.
Launching in October, Flash will aim to diversify its portfolio by providing a new convenient way for Australians to stay informed on local and global news sources live and on-demand.
Flash’s live news channels will include CNN, CNBC, BBC, Fox News and Sky News and is expected to cost subscribers $10 a month
Foxtel Group CEO, Patrick Delany, said: “We are excited to lock in our plans to launch Flash next month, the third streaming service we will have launched in as many years.
“These new streaming products are driving rapid growth in subscribers and revenue as we diversify our portfolio of entertainment brands and reinvent the Foxtel Group as Australia’s most dynamic streaming company.
“The number of Australian households with streaming services is forecast to grow by almost 20% in the next four years, reaching 85% of all households, with each household expected to have between three and four SVOD subscriptions.
“Flash will ride this wave, offering news-hungry Australians a new way to stay informed about politics, business and local and international events.
“We believe the product will tap into growing demand for diverse, trusted news sources by making the best range of Australian and International 24-7 television news sources even more accessible,” he said
“Flash won’t be what the market expects,” Mr Delany added.
“It will be more than simply aggregating live channels.
“Our exigence and technology platform gives us the ability to draw on successful Kayo features and innovations to provide an outstanding news experience for our subscribers.”
The Foxtel Group has also confirmed Kate de Brito as Executive Director of Flash who was previously editor-in-chief of news.com.au.
More information on Flash will be shared at the Foxtel Group Strategy Day on September 30.
