If aged care residents get bored of their everyday routines, they’ll be able to nostalgically whittle their days away watching the entire James Bond movie franchise thanks to media tech company Swift Network (ASX: SW1) inking a 5-year deal with Village Roadshow.
The contract is an extension of one already in place by Swift which provides streaming devices to a range of residential facilities that span Mining and Resources, Aged Care, Government, and Retirement Living.
These devices enable users to access a catalogue of movies and television shows which are headlined by the entire James Bond movie collection, as well as the Fast and Furious franchise.
“We are excited to demonstrate our commitment to high quality content with a new 5-year licensing agreement with Village Roadshow,” said Swift CEO, Brian Mangano.
“Expanding our movie library strengthens our content offering and allows us to continue to offer the best entertainment and communication platform on the market to our clients.”
Unlike popular streaming services like Netflix and Paramount Plus, the Swift network is a closed-loop system which does not require high-speed internet, making it popular amongst the less tech-savvy and remotely located.
Demand for such services is still in demand as evidenced by the $8.7 million in revenue generated by Swift for the half year ended 31 December 2021. Such demand may be on the decline however, as internet accessibility increases – contributing to the $2.4m loss by Swift over that period.
In its current iteration, Swift is primarily targeting the 150,000 rooms for accommodation within the mining and resources industry and 223,000 residential aged care rooms.