Telecom's Netflix-style service gets closer

Vikings - one of Lightbox's exclusive shows

Telecom seems to be gearing up to launch its Netflix-style service in the near future.

Media have been invited to a hands-on preview of "Lightbox" on Thursday.

Telecom (which changes its name to Spark next week) will also announce new shows at the briefing.

The company won't announce an exact launch date for the service, which will offer all of the movies and TV shows you can stream from the internet for $15 a month. It will feature support for streaming content from a tablet to a regular TV.

Telecom is in a race against Sky TV, which also says it will launch a Netlflix-style service before the end of this year.

Sky, whose programming budget alone ($289 million) dwarfs Lightbox's entire launch-year budget ($20 million), has released few details about its service, bar that it will be based on the technology currently used for Sky Go on PCs and tablets, and later be extended to MySky decoders.

Both contenders face competition from increasingly capable incumbent Quickflix, and the small army of Kiwis who are accessing the US version of Netflix directly.

An unconfirmed Australian report says the US-based Netflix, which recently passed $US4 billion in annual revenue and signed its 50 millionth subscriber, plans an Australia-NZ launch early next year. Netflix won't comment on the rumour.

ckeall@nbr.co.nz


Got a question about this story? Leave it in Comments & Questions below.

This article is tagged with the following keywords. Find out more about MyNBR Tags

NZ Market Snapshot

Forex

Sym Price Change
USD 0.7233 -0.0059 -0.81%
AUD 0.9456 -0.0054 -0.57%
EUR 0.6467 -0.0035 -0.54%
GBP 0.5572 -0.0033 -0.59%
HKD 5.6080 -0.0461 -0.82%
JPY 72.8730 -0.3090 -0.42%

Commods

Commodity Price Change Time
Gold Index 1326.9 -10.480 2016-09-27T00:
Oil Brent 46.5 -1.410 2016-09-27T00:
Oil Nymex 44.7 -1.260 2016-09-27T00:
Silver Index 19.2 -0.430 2016-09-27T00:

Indices

Symbol Open High Last %
NZX 50 7260.4 7290.4 7252.9 0.52%
NASDAQ 5312.7 5316.2 5305.7 -0.31%
DAX 10425.9 10518.4 10361.5 0.70%
DJI 18240.2 18281.9 18228.3 -0.18%
FTSE 6807.7 6878.2 6807.7 0.47%
HKSE 23455.7 23619.7 23571.9 0.20%
NI225 16505.0 16515.8 16683.9 -1.31%
ASX 5405.9 5435.0 5405.9 0.12%