Presto (company)
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|
| Private | |
| Industry | Streaming media |
| Fate | Dissolved |
| Successor | Foxtel Play |
| Founded | 2014 |
| Defunct | 31 January 2017 |
| Headquarters | Sydney, NSW, AUS |
|
Area served
|
Australia |
| Products | Internet streaming |
| Owner | Foxtel |
| Parent | Foxtel |
| Website | Presto website |
Presto was an Australian streaming company which offered subscriptions to unlimited viewing of selected movies, and from 2015, TV shows. The service, initially owned wholly by Foxtel, launched on 13 March 2014 featuring films exclusively.
There were three separate subscription options for Presto, named Presto Movies, Presto TV, and the bundled option Presto Entertainment. It competed primarily against Australian streaming company Quickflix, the American-based Netflix and the Fairfax Media/Nine Entertainment Co. joint venture Stan.
In October 2016 it was announced that Presto would cease operations on 31 January 2017.
The service initially launched contract-free on 13 March 2014 at AU$19.99, but was lowered to AU$9.99 in August 2014. Films tend to be mostly recent releases, and come from Foxtel's suite of Foxtel Movies channels, who have relationships with studios including MGM, NBCUniversal, Paramount Pictures, Roadshow Films, Sony Pictures Entertainment, Twentieth Century Fox, The Walt Disney Company, Warner Bros Entertainment, Hopscotch Entertainment One, ICON, Studiocanal and Transmission Films.
On 8 December 2014, Foxtel and Seven West Media announced a spin-off of Presto Movies to launch before March 2015, to be named Presto Entertainment, which will feature television programs, with content coming from both Foxtel channels and the Seven Network. The existing Presto Movies service will continue to be available, but each will require a separate subscription. It became available on 15 January 2015, and was named Presto TV, with Presto Entertainment referring to the bundled offer for both movies and TV access at $14.99
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