Pushpay to buy church livestreaming business

Pushpay to buy church livestreaming business
Large evangelical churches such as Hillsong have high-production services that require technical skills and equipment to manage. (Photo: Andrew Arrol on Unsplash)
Dan Brunskill
Church management and donation platform Pushpay has agreed to buy live streaming provider Resi Media for approximately US$150 million.Resi is a Christian video streaming software that provides services to mega-churches such as Hillsong, Life Church, and Elevation Church, as well as the Florida Chamber of Commerce and fast-food restaurant Chick-fil-A.Pushpay will buy the business for US$110m in cash and issue US$40m worth of new shares. The cash component will be funded from its balance sheet and a US$90m debt facility.Forsyth Barr analyst Jamie...

More Markets

NZ sharemarket up 0.5% ahead of long weekend
Markets Market Close

NZ sharemarket up 0.5% ahead of long weekend

Pacific Edge's share price fell 7.32%.

Tom Raynel 24 Apr 2025
Pacific Edge suffers another setback in US
Markets

Pacific Edge suffers another setback in US

Shares in cancer diagnostics company Pacific Edge are down 2.44% to $0.120 after another setback in the US market.The US District Court for the Middle District of Pennsylvania has determined that it does not have jurisdiction to review a Local Coverage Determination (LCD) that co...

Staff reporters 24 Apr 2025
Listed retailers stand to gain from Trump tariffs:  Forsyth Barr
Retail

Listed retailers stand to gain from Trump tariffs: Forsyth Barr

Forsyth Barr lifted its KMD Brands target price by 10.4% after Trump tariff walkbacks.

Gregor Thompson 24 Apr 2025
NZ sharemarket rises as Trump backs down
Markets Market Close

NZ sharemarket rises as Trump backs down

The S&P/NZX 50 Index closed up 1.01% or 119.78 points.

Tom Raynel 23 Apr 2025