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MediaCloud successfully sells to Telstra subsidiary

McGrathNicol’s cloud-based broadcasting platform MediaCloud has been successfully sold to a Telstra Corporation subsidiary. 

user iconNaomi Neilson 02 July 2021 Big Law
MediaCloud successfully sells to Telstra subsidiary
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Firm: Maddocks (McGrathNicol) 

Deal: Maddocks has advised McGrathNicol partners Barry Kogan and Jonathan Henry, the administrators of cloud-based broadcasting platform MediaCloud, on its sale to Telstra Broadcast Services Pty Ltd. 

Value: N/A.

Area: Technology, restructuring and insolvency. 

Key players: The team was led by restructuring and insolvency partner Danielle Funston and special counsel Andrew Ng. The team also included Duncan Hall, Maree Skinner and Bernardo Wood. 

Deal significance: The MediaCloud platform is used for the preparation and delivery of media content to numerous broadcasters, including SBS, for content delivery. 

Ms Funston commented: “This is a restructuring that should be celebrated.

“We were able to achieve a true continuity of business, with all employees transferring to Telstra Broadcast Services Pty Limited. Service to SBS and other national broadcasters remained uninterrupted, and we were successful in securing a deal that is expected to pay unsecured creditors in full.” 

Naomi Neilson

Naomi Neilson

Naomi Neilson is a senior journalist with a focus on court reporting for Lawyers Weekly. 

You can email Naomi at: This email address is being protected from spambots. You need JavaScript enabled to view it.

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