A new live streaming service is in the works, and it’s all about Finance and Business.
Ausbiz will be hitting the internet in early 2020, and Sunrise’s Kochie will be involved.
The service aims to fill the gap that Your Money left when the Nine and News Corp’s joint business channel, Your Money, was closed back in May.
It will run for eight hours a day from Monday to Friday, streaming live market coverage while the ASX is trading. It will also include commentary and interviews from market experts, as well as cover the private capital market with Start-up Daily.
There will be four presenters – former Your Money journalists Nadine Blayney and Ingrid Willinge. David Koch will also occasionally make an appearance.
According to The Australian tt will be free to watch via the Ausbiz app, with Start-up Daily coverage being streamed live on Twitter.
The service is being run by Your Money’s former CEO Kylie Merritt. According to Mumbrella, old mate Kochie led the seed round of capital raising and owns a 50 per cent stake in the service.
“CNBC and Bloomberg are great services, very high quality, but they largely cover Asia,” Merritt told The Australian.
“There’s not a lot of Australian content on there so we don’t see ourselves as necessarily competing with them because if people want to watch live Australian markets coverage, there currently isn’t anybody doing it. It’s a companion service.”