Networking: Seven planning standalone streaming platform

By Michael Idato
Updated June 18 2017 - 11:48pm, first published 11:42pm

The Seven Network is adjusting its arrangement with joint venture partner Yahoo and plans to launch a standalone streaming service. Seven had previously been a stakeholder, with Foxtel, in the Presto streaming service, but announced plans to sell its stake to Foxtel in October, 2016; Presto folded in January, 2017. Seven also operates a Plus7 streaming offering in tandem with Yahoo7, which will be replaced by the planned new service. Seven's chief revenue officer Kurt Burnette said the strategy would allow Seven to bundle its platforms to advertisers, and that the network and streaming service would be "seamlessly connected ??? delivering the most effective total video results for advertisers."

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