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Destra Corporation
Destra Corporation Limited, previously known as Sprint Corporation and Ehyou, was an independent Australian owned media and entertainment company based in Richmond, Victoria founded by Domenic Carosa. Destra's interests spanned film, internet, music, theatre and retail, including Magna Pacific. During its peak years, Destra was one of the largest online music distributors in Australia, while also specializing in hosting and domain registry. In the mid-2000s, the company reached $100 million in annual turnover. The company's shareholders included Prime Media, whose stake represented 44% at April 2008. Following the collapse of Opes Prime in 2007, Destra announced they were suffering financially and it went on to lose $76.9 million between 2007 and early 2008. The company was split into a number of divisions before its subsidiaries were sold. Destra became defunct in November 2008. History Domenic Carosa and Anna Carosa founded Destra Corporation in 1993. The Carosa ...
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Digital Media
Digital media is any communication media that operate in conjunction with various encoded machine-readable data formats. Digital media can be created, viewed, distributed, modified, listened to, and preserved on a digital electronics device. ''Digital'' defines as any data represented by a series of digits, and ''media'' refers to methods of broadcasting or communicating this information. Together, ''digital media'' refers to mediums of digitized information broadcast through a screen and/or a speaker. This also includes text, audio, video, and graphics that are transmitted over the internet for viewing or listening to on the internet. Digital media platforms, such as YouTube, Vimeo, and Twitch, accounted for viewership rates of 27.9 billion hours in 2020. A contributing factor to its part in what is commonly referred to as ''the digital revolution'' can be attributed to the use of interconnectivity. Digital media Examples of digital media include software, digital images, d ...
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Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ...
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MythBusters
''MythBusters'' is a science entertainment television program, developed by Peter Rees and produced by Australia's Beyond Television Productions. The series premiered on the Discovery Channel on January 23, 2003. It was broadcast internationally by many television networks and other Discovery channels worldwide. The show's original hosts, special effects experts Adam Savage and Jamie Hyneman, used elements of the scientific method to test the validity of rumors, myths, movie scenes, adages, Internet videos, and news stories. The show was one of the most popular on Discovery Channel, being preceded only by ''How It's Made'' and ''Daily Planet'', both in Canada. Filmed in San Francisco and edited in Artarmon, New South Wales, ''MythBusters'' aired 282 total episodes before its cancellation at the end of the 2016 season in March. Planning and some experimentation took place at Hyneman's workshops in San Francisco; experiments requiring more space or special accommodations we ...
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Discovery Channel
Discovery Channel (known as The Discovery Channel from 1985 to 1995, and often referred to as simply Discovery) is an American cable channel owned by Warner Bros. Discovery, a publicly traded company run by CEO David Zaslav. , Discovery Channel was the third most widely distributed subscription channel in the United States, behind now-sibling channel TBS and The Weather Channel; it is available in 409 million households worldwide, through its U.S. flagship channel and its various owned or licensed television channels internationally. It initially provided documentary television programming focused primarily on popular science, technology, and history, but by the 2010s had expanded into reality television and pseudo-scientific entertainment. , Discovery Channel is available to approximately 88,589,000 pay television households in the United States. History John Hendricks founded the channel and its parent company, Cable Educational Network Inc., in 1982. Several investo ...
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Fremantle Media
Fremantle (; formerly FremantleMedia) is a British multinational television production and distribution company based in London. Fremantle takes its name from Fremantle International, acquired by predecessor company All American Television in 1994. Pearson Television was renamed FremantleMedia on 20 August 2001, following the 2000 merger of Pearson Television and Bertelsmann's CLT-UFA to form the RTL Group. Fremantle owns non-scripted formats, including the British talent competitions '' Idols'' (created by Simon Fuller), ''Got Talent'' and ''The X Factor'' (both created by Simon Cowell), shows which have been sold around the world. Since 1994, Fremantle has distributed American game shows in the US and internationally. History Pearson Television (1994–2001) In 1994, after a bidding war, Pearson plc bought Thames Television and placed it under Pearson Television. In 1995, it acquired Australian company Grundy Television. ACI, a U.S.-based distributor of TV movies, was pu ...
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Administration (insolvency)
As a legal concept, administration is a procedure under the insolvency laws of a number of common law jurisdictions, similar to bankruptcy in the United States. It functions as a rescue mechanism for insolvent entities and allows them to carry on running their business. The process – in the United Kingdom colloquially called being "under administration" – is an alternative to liquidation or may be a precursor to it. Administration is commenced by an administration order. A company in administrative receivership is operated by an administrator (as interim chief executive with custodial responsibility for the company's assets and obligations) on behalf of its creditors. The administrator may recapitalize the business, sell the business to new owners, or demerge it into elements that can be sold and close the remainder. Most countries distinguish between voluntary (board-decided) and involuntary (court-decided) receivership. In voluntary administrative receivership, the admini ...
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ZDNet
ZDNET is a business technology news website owned and operated by Red Ventures. The brand was founded on April 1, 1991, as a general interest technology portal from Ziff Davis and evolved into an enterprise IT-focused online publication. History Beginnings: 1991 to 1995 ZDNET began as a subscription-based digital service called "ZiffNet" that offered computing information to users of CompuServe. It featured computer industry forums, events, features and searchable archives. Initially, ZiffNet was intended to serve as a common place to find content from all Ziff-Davis print publications. As such, ZiffNet was an expansion on an earlier online service called PCMagNet for readers of PC Magazine. Launched in 1988, PCMagNet in turn was the evolution of Ziff Davis' first electronic publishing venture, a bulletin board, which launched in 1985. On June 20, 1995, Ziff-Davis announced the consolidation of its online information services under a single name, ''ZD Net''. The service had ...
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Yahoo!
Yahoo! (, styled yahoo''!'' in its logo) is an American web services provider. It is headquartered in Sunnyvale, California and operated by the namesake company Yahoo Inc., which is 90% owned by investment funds managed by Apollo Global Management and 10% by Verizon Communications. It provides a web portal, search engine Yahoo Search, and related services, including My Yahoo!, Yahoo Mail, Yahoo News, Yahoo Finance, Yahoo Sports and its advertising platform, Yahoo! Native. Yahoo was established by Jerry Yang and David Filo in January 1994 and was one of the pioneers of the early Internet era in the 1990s. However, usage declined in the late 2000s as some services discontinued and it lost market share to Facebook and Google. History Founding In January 1994, Yang and Filo were electrical engineering graduate students at Stanford University, when they created a website named "Jerry and David's guide to the World Wide Web". The site was a human-edited web directory, or ...
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Music Download
A music download (commonly referred to as a digital download) is the digital transfer of music via the Internet into a device capable of decoding and playing it, such as a personal computer, portable media player, MP3 player or smartphone. This term encompasses both legal downloads and downloads of copyrighted material without permission or legal payment. According to a Nielsen report, downloadable music accounted for 55.9 percent of all music sales in the US in 2012."All music sales" refers to albums plus track equivalent albums. A track equivalent album equates to 10 tracks. By the beginning of 2011, Apple's iTunes Store alone made 1.1 billion of revenue in the first quarter of its fiscal year. Music downloads are typically encoded with modified discrete cosine transform (MDCT) audio data compression, particularly the Advanced Audio Coding (AAC) format used by iTunes as well as the MP3 audio coding format. Online music store Paid downloads are sometimes encoded with d ...
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Melbourne
Melbourne ( ; Boonwurrung/Woiwurrung: ''Narrm'' or ''Naarm'') is the capital and most populous city of the Australian state of Victoria, and the second-most populous city in both Australia and Oceania. Its name generally refers to a metropolitan area known as Greater Melbourne, comprising an urban agglomeration of 31 local municipalities, although the name is also used specifically for the local municipality of City of Melbourne based around its central business area. The metropolis occupies much of the northern and eastern coastlines of Port Phillip Bay and spreads into the Mornington Peninsula, part of West Gippsland, as well as the hinterlands towards the Yarra Valley, the Dandenong and Macedon Ranges. It has a population over 5 million (19% of the population of Australia, as per 2021 census), mostly residing to the east side of the city centre, and its inhabitants are commonly referred to as "Melburnians". The area of Melbourne has been home to Aboriginal ...
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Opes Prime
Opes Prime Group Limited was an Australian securities lending and stockbroking firm which suffered a dramatic collapse in 2008. Overview The company was founded in 2003 by Laurie Emini and Julian Smith. Emini, an Albanian emigrant to Australia, had worked for the Australia & New Zealand Banking Group (ANZ) until he was retrenched in 1997, and began share trading from his home. Smith, a British national, had emigrated to Australia in 1993, and ran the securities and investments division of the stock brokerage firm Ord Minnett. By 2008, the company had offices in Melbourne, Sydney and Singapore and employed about 80 people. The company's downfall was revealed on 28 March 2008 when the Australian Securities & Investments Commission (ASIC) announced it was launching an investigation into Opes Prime Stockbroking, and that the company had gone into receivership the previous day, with Deloitte Touche Tohmatsu appointed as receivers by the ANZ Bank immediately after the company had ...
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Magna Pacific
Magna Home Entertainment was an independent home entertainment distributor headquartered in Brisbane, Queensland, Australia, operating within Australia and New Zealand. As of February 2009, Magna Home Entertainment became a fully owned subsidiary of Beyond International (ASX:BYI), an Australian television production and distribution company. Magna Home Entertainment is the sister company of Melbourne-based home entertainment distributor Beyond Home Entertainment, also a subsidiary of Beyond International. Magna Home Entertainment distributes television series, documentaries and feature films. Company history The company was incorporated in 1983. Principal activities of the company in the 1980s included the import and wholesale distribution of video cassettes, audio cassettes, micro cassettes, and computer equipment. In 1990, the company was publicly listed as Magna Pacific (Holdings) Ltd. During the 1990s, the company expanded its activities into intellectual property licensing, ...
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