95% Growth For Fetch TV Despite iiNet Loss
According to Fetch TV management the Company has seen a “massive explosion in new subscribers” as a direct result of Optus bundling the Fetch TV offering with their top end broadband bundle.
ChannelNews understands that during the past 4 months Fetch TV who has 275,000 paying subscribers has attracted over 80,000 new customers, only 5% came from iiNet who were the launch partner for Fetch TV in Australia back in 2010.
Earlier this week iiNet posted a notice on its website claiming that the Fetch TV service would no longer be available via the broadband provider following the recent acquisition of iiNet by TPG.
iiNet customers who have a Fetch TV box TV will still be able to access the service.
Next year Fetch TV will launch a brand new Ultra HD streaming box which TPG will be given the option to sell.
According to Fetch TV CEO Scott Lorson the loss of iiNet will have a minimal impact on the revenues of Fetch TV after Optus “significantly expanded” sales of their broadband package.
Currently Harvey Norman is selling the Fetch TV box exclusively as a standalone product for $399.
Sales via Optus Dodo, SlimTel as well as via Harvey Norman have accounted for 95% growth in customer numbers for Fetch TV during the past year.