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
Chicago Police: Jussie Smollett Staged "Shameful" Assault Hoax For Better Salary, Career Advancement
Fox "Considering Options" After Jussie Smollett Arrested On Criminal Charges; 'Empire' Production Continues Today