destra Corporation Limited was an independent Australian

Australia

Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...

 owned media and entertainment company based in Richmond, Victoria

Richmond, Victoria

Richmond is a suburb in Melbourne, Victoria, Australia, 3 km south-east from Melbourne's central business district. Its Local Government Area is the City of Yarra...

 founded by Domenic Carosa.

Destra was placed into administration in November 2008, 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".

destra's interests spanned film, internet, music, theatre and retail, including Magna Pacific

Magna Pacific

Magna Pacific is a leading independent film and home entertainment distributor headquartered in Brisbane, Queensland, Australia, operating within Australia and New Zealand...

, JB Hi-Fi

JB Hi-Fi

JB Hi-Fi is an Australian CD, DVD, Blu-ray disc, video game and consumer electronics chain store.-History:JB Hi-Fi was established in Melbourne suburb of Keilor East by John Barbuto in 1974...

.

The company's shareholders include Prime Media and Lachlan Murdoch

Lachlan Murdoch

Lachlan Keith Murdoch is the eldest son of Australian-American media mogul Rupert Murdoch and his second wife Anna Torv. He resigned from his executive positions at News Corporation on 29 July 2005...

. On 13 November, 2008, Destra Corporation was placed into voluntary administration

Administration (insolvency)

As a legal concept, administration is a procedure under the insolvency laws of a number of common law jurisdictions. It functions as a rescue mechanism for insolvent entities and allows them to carry on running their business. The process – an alternative to liquidation – is often known as going...

.

The divisions of Destra were sold in late 2008 in administration to companies including Fremantle Media; Central Station Records; Brand New Media; Eddie MacGuire's Visual Entertainment Group; producer of the Discovery Channel

Discovery Channel

Discovery Channel is an American satellite and cable specialty channel , founded by John Hendricks and distributed by Discovery Communications. It is a publicly traded company run by CEO David Zaslav...

's hit show Mythbusters

MythBusters

MythBusters is a science entertainment TV program created and produced by Beyond Television Productions for the Discovery Channel. The series is screened by numerous international broadcasters, including Discovery Channel Australia, Discovery Channel Latin America, Discovery Channel Canada, Quest...

, Beyond International; and Domenic Carosa's Dominet Digital.