Destra Corporation

For other uses, see Destra.
Destra Corporation Limited
Traded as ASX: DES
Industry Digital media
Fate Entered administration in 2008
Founded As a business - 1993
As a public company - 2000[1]
Defunct November 13, 2008 (2008-11-13)
Headquarters Melbourne, Australia
Key people
 Domenic Carosa, founder

Destra Corporation Limited was an independent Australian owned media and entertainment company based in Richmond, Victoria founded by Domenic Carosa.[2] Destra's interests spanned film, internet, music, theatre and retail, including Magna Pacific, JB Hi-Fi.

In 2006, Destra was the largest digital music provider in Australia, with more than 1.3 million tracks in its online music catalogue.[3] At the time, the company was strategically developing advertising revenue streams across its websites.[4]

The company's shareholders included Prime Media, whose stake represented 44% at April 2008.[2][5]

In 2007–08, Destra lost $76.9 million, having made 13 acquisitions in the previous three years.[6] Destra was placed into administration in November 2008 and its divisions were sold in administration.[7][8] to companies including Fremantle Media; Central Station Records; Brand New Media; Eddie MacGuire's Visual Entertainment Group; producer of the Discovery Channel's hit show Mythbusters, Beyond International; and Domenic Carosa's Dominet Digital.

References

  1. ↑ Ryan, Paul (1 October 2008). "What I Have Learnt (the hard way)". Australian Anthill. Archived from the original on 14 July 2014.
  2. 1 2 "Destra (DES) 25c". The Australian. 2007-11-16. Archived from the original on 10 December 2007. Retrieved 2007-11-26.
  3. ↑ Destra (11 January 2006). "destra Music - largest digital music provider in Australia" (Press release). PC Word. Archived from the original on 9 January 2016.
  4. ↑ "Destra buys ad company for $12m". The Sydney Morning Herald (Fairfax Media). 4 September 2006. Archived from the original on 30 November 2007.
  5. ↑ Leyden, Fleur; Haynes, Rhys (23 April 2008). "Destra chief Dominic Carosa sacked". Herald Sun.
  6. ↑ Thomson, James (26 August 2008). "Destra slumps to big loss and slams former CEO Dominic Carosa’s strategy". Smart Company. Archived from the original on 9 January 2016.
  7. ↑ "Destra in voluntary administration". The Sydney Morning Herald (Fairfax Media). AAP. 13 November 2008. Archived from the original on 5 March 2012.
  8. ↑ Thomson, James (14 November 2008). "Destra placed in administration. What went wrong?". Smart company. Archived from the original on 11 December 2015.

See also

External links


This article is issued from Wikipedia - version of the Friday, January 22, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.