"Foxtel’s internet streaming service Presto is believed to be...

"Foxtel’s internet streaming service Presto is believed to be very close to signing a deal with Kerry Stokes’s Seven West Media that would add content from the No.1 free-air-network to the $9.99-a-month movies-on-demand offer.

Seven, which has been in talks with Presto for months, is under pressure to commit to a streaming offer as the race to market steps up between rivals. While close to a Foxtel deal it is still open to other options.

Television production companies at the MIPCOM global television market in Cannes – where streaming was the hot topic of the week last week – understood Netflix will launch in March or April simultaneously in Australia and New Zealand."

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