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

Mon, 23 Aug 2021

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...

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