HBO To Take $10 Million Strategic Stake In Australia's Quickflix

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.

This article was printed from