Fetch TV sets sights on 1 million subscribers
Pay TV provider has pushed past the 700,000 subscriber mark and rising.
- Published by David Knox
- on
- Filed under Subscription
Pay TV company Fetch TV is on its way to one million subscribers according to details published today.
Fetch had a record year in 2017-18, adding about 160,000 customers to push past the 700,000 subscriber mark, achieving profitability and growing revenues to more than $155 million.
“Fetch is now fulfilling its promise, having achieved scale, secured a strong strategic position in the market, and now generating a positive cash flow,” CEO Scott Lorson told The Australian Financial Review.
“With a strong balance sheet and strong earnings trajectory, we will now look for opportunities to further accelerate growth, both in Australia and abroad.”
Over the 2017-18 financial year, total viewing hours increased by 40 per cent to 1.1 billion hrs, made up of 53%t free-to-air content, either live, recording or on catch-up, 21% on its subscription channels, live, recorded or catch-up and 20% on SVOD.
Transactions on the Fetch platform, such as purchasing of new movies, were up 50% year-on-year to 2.5 million.
Fetch TV, which was the first set-top-box platform in Australia to support Netflix 4K, recently announced a new sports pack with three beIN SPORTS channels.
4 Responses
Does viewing of subscription channels through Fetch count towards OzTAM subscription ratings, or is that only Foxtel viewership?
Should do. OzTAM is channel based not platform based. It would depend how many Fetch subscribers have OzTAM boxes.
Not sure they do at the moment (at least, not integrated into the ‘normal’ ratings) – I think it’s part of Oztam’s VOZ system that starts rolling out for next year.
The death of TiVo in October last year might be part of the sudden uptake. It certainly was the reason we moved onto Fetch.