Destra Corporation
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. Destra's interests spanned film, internet, music, theatre and retail, including Magna Pacific.
Traded as | ASX: DES |
|---|---|
| Industry | Digital media |
| Founded | As a business - 1993 As a public company - 2000 |
| Defunct | 13 November 2008 |
| Fate | Entered administration in 2008 |
| Headquarters | Melbourne, Australia |
Key people | Domenic Carosa (founder) |
During its peak years, Destra was one of the largest online music distributors in Australia, while also specializing in hosting and domain registry. In the mid-2000s, the company reached $100 million in annual turnover. The company's shareholders included Prime Media, whose stake represented 44% at April 2008.
Following the collapse of Opes Prime in 2007, Destra announced they were suffering financially and it went on to lose $76.9 million between 2007 and early 2008. The company was split into a number of divisions before its subsidiaries were sold. Destra became defunct in November 2008.