Destra Corporation

Destra Corporation

destra Corporation Limited was an independent Australian owned media and entertainment company based in Richmond, Victoria founded by Domenic Carosa.[1]

Destra was placed into administration in November 2008[2], with Prime forced to write off its investment in the failed company. Prime chairman and majority shareholder Paul Ramsay later described the investment in Destra as a "disaster"[3].

destra's interests spanned film, internet, music, theatre and retail, including Magna Pacific, JB Hi-Fi.

The company's shareholders include Prime Media and Lachlan Murdoch.[1] On 13 November, 2008, Destra Corporation was placed into voluntary administration.[4]

The divisions of Destra were sold in late 2008 in administration [5] 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. ^ a b "Destra (DES) 25c". The Australian. 2007-11-16. http://www.theaustralian.news.com.au/story/0,25197,22766019-23634,00.html. Retrieved 2007-11-26. [dead link]
  2. ^ http://www.smartcompany.com.au/Free-Articles/The-Briefing/20081114-Destra-placed-in-administration-What-went-wrong.html
  3. ^ http://www.highbeam.com/doc/1G1-189807100.html
  4. ^ "Destra in voluntary administration". The Sydney Morning Herald. 2008-11-13. http://news.smh.com.au/business/destra-in-voluntary-administration-20081113-65ym.html. Retrieved 2008-11-13. 
  5. ^ "Destra - what went wrong". Smart company. 2008-11-14. http://www.smartcompany.com.au/Free-Articles/The-Briefing/20081114-Destra-placed-in-administration-What-went-wrong.html. 

External links


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