Following a recent content licensing agreement, HBO is to take a 15.7% stake in Australian VOD service Quickflix. Under the terms of the deal, HBO will invest $10 million and appoint a representative to the Quickflix board, subject to shareholder and Australian Stock Exchange approval. Quickflix, which offers DVD and Blu-ray rental by mail as well as instant streaming, has approximately 94,000 paying subscribers. In December, the company announced a licensing deal for streamed content with NBCUniversal International Televsion Distribution.
HBO To Take $10 Million Strategic Stake In Australia's Quickflix
What's Hot on Deadline
'Black Panther' Goes Wild: 2nd Best Sunday $59M+; 3-Day $201M+; 4-Day To Shred 'Jurassic World' & Possibly 'Last Jedi'
Winter Olympics: Adam Rippon Turns Down NBC Correspondent Position, Net Struggles With Broadcast Gaffes — Update