Business Services Industry
Austereo seals net TV deal with Sony.
Australasian Business Intelligence, December, 2005
Byline: Emma Connors
Dec 20, 2005 (The Australian Financial Review - ABIX via COMTEX) -- Australian radio network Austereo and record company Sony BMG will launch a joint-venture internet television service. Known as Crank TV, it will feature a one-hour collection of music video clips that will change weekly. The companies say the joint-venture will gain its revenue from sponsorship and advertising deals, and will be targetted at 18-to-22-year-
olds. The service will be launched in February 2006, and is attempting to cash in on growing demand for internet television. In the US, between 300 and 400 million film
clips are downloaded each month, with Sony US...
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