Seven and Nine enter exclusive arrangement to form a JV for the playout
The move means Seven’s broadcast centre in Melbourne is no longer needed.
Seven West Media and Nine Entertainment Co. have entered into an exclusive arrangement to form a joint venture for the playout operations of the two organisations.
There is little detail available yet on the timing for the new venture.
The combined operations would provide economies of scale by consolidating infrastructure for the two businesses, and create an industry facility company able to service other broadcasters and companies.
The move would mean Seven’s broadcast centre in Melbourne (pictured above) would no longer be needed, which would affect up to 150 staff.
The JV will see the new business reaching out to other broadcasters to take advantages of cost saving by moving playout operations.
