Destra Corporation Limited
| Traded as | ASX: DES |
|---|---|
| ISIN | 🆔 |
| Industry | Digital media |
| Fate | Entered administration in 2008 |
| Founded 📆 | As a business - 1993 As a public company - 2000[1] |
| Founder 👔 | |
| Defunct | 13 November 2008 |
| Headquarters 🏙️ | Melbourne, Australia |
Area served 🗺️ | |
Key people | Domenic Carosa (founder) |
| Members | |
Number of employees | |
| 🌐 Website | [Lua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value). ] |
| 📇 Address | |
| 📞 telephone | |
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.[2] 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. The company reached $100 million in annual turnover in the mid-2000s. Prime Media was a significant shareholder, holding a 44% stake in April 2008.[2][3]
Following the collapse of Opes Prime in 2007, Destra announced financial difficulties and incurred a loss of $76.9 million between 2007 and early 2008. The company was split into several divisions before its subsidiaries were sold. Destra became defunct in November 2008.
History[edit]
Domenic Carosa and Anna Carosa founded Destra Corporation in 1993. Initially called Sprint, the company owned entertainment websites and formed Ozhosting.com in 1995 to provide hosting services to small businesses. Sprint acquired several smaller Australian-based hosting companies to increase its market share.[4]
In 2000, Sprint Corporation was rebranded as Ehyou to expand into online music and digital downloads, acquiring mp3.com.au.[5] Destra continued to expand its hosting offerings through acquisitions and partnerships, including a significant deal with Yahoo! in 2004.[6]
In 2006, Destra became the largest digital music provider in Australia with over 1.3 million tracks in its online music catalogue.[7]
The collapse of Opes Prime in 2008 significantly impacted Destra, leading to a loss of $76.9 million. In November 2008, Destra's divisions were sold in administration to various companies, including Fremantle Media and Domenic Carosa's Dominet Digital.[8]
References[edit]
- ↑ Ryan, Paul (1 October 2008). "What I Have Learnt (the hard way)". Australian Anthill. Archived from the original on 14 July 2014. Unknown parameter
|url-status=ignored (help) - ↑ 2.0 2.1 "Destra (DES) 25c". The Australian. 16 November 2007. Archived from the original on 10 December 2007. Retrieved 26 November 2007. Unknown parameter
|url-status=ignored (help) - ↑ Leyden, Fleur; Haynes, Rhys (23 April 2008). "Destra chief Dominic Carosa sacked". Herald Sun.
- ↑ Bourlifoufas, Nicki (26 March 2010). "Another punt on net value: second dotcom boom". The Australian.
- ↑ Nogrady, Bianca (March 2008). "'Jack of all trades' becomes media master". Swineburne University.
- ↑ "Destra, Yahoo! add new features for SMEs". ZDNet. 18 May 2004.
- ↑ Destra (11 January 2006). "destra Music - largest digital music provider in Australia" (Press release). PC Word. Archived from the original on 9 January 2016. Unknown parameter
|url-status=ignored (help) - ↑ "Destra in voluntary administration". The Sydney Morning Herald. Fairfax Media. AAP. 13 November 2008. Archived from the original on 5 March 2012. Unknown parameter
|url-status=ignored (help)
External links[edit]
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