Foxtel is launching a live news streaming platform, Flash, which will feature more than 20 local and global channels.
The service will launch in October, headed by Kate de Brito, former news.com.au editor-in-chief, who has been appointed executive director of Flash.
Flash becomes the third streaming platform from Foxtel which has previously launched Binge and Kayo.
“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,” says Foxtel Group CEO Patrick Delany.
“The number of Australian households with a streaming service 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 a growing demand for diverse, trusted news sources by making the best range of Australian and international 24-7 television news sources even more accessible.”
Foxtel hasn't revealed which news channels will be made available on Flash, saying it will provide more details at the end of the month.
“Flash won’t be what the market expects,” Delany says.
“It will be more than simply aggregating live channels. Our experience and technology platform gives us the ability to draw on successful Kayo features and innovations to provide an outstanding news experience for our subscribers.”
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