Quickflix enters Administration

tomwood on 26/04/2016 - 15:43

http://www.abc.net.au/news/2016-04-26/quickflix-video-stream…

Australia's first online streaming service, Quickflix, has gone into voluntary administration, blaming rival streaming service Stan and its part-owner Nine >Entertainment for its demise.

Quickflix has appointed Ferrier Hodgson as administrators, after a restructure and cost-cutting failed to rescue the business.

In a statement, Quickflix founder and chief executive Stephen Langsford said neither Stan nor Nine have joined capital raisings to help the company grow.

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Comments

  • retiredfeline on 26/04/2016 - 16:26
    +10

    Nine spent too much money in Beirut.

  • Axelstrife on 26/04/2016 - 16:52
    +2

    no big loss they where very bad.

    • tomwood on 26/04/2016 - 20:08

      were*

  • the frost on 26/04/2016 - 16:53

    I'm sorry for Quickflix, as the first Australian streaming service.

    I still haven't signed up for any, as I haven't yet found one that caters to all my needs, like Netflix in the US. Hopefully the dust will settle and we end up with a choice that can cover all our needs.

    FYI I just found www.justwatch.com/au and it seems a great way to search across platforms for films and TV, to buy, rent or stream. Could be good for those looking to compare the services' range according to your own tastes.

  • samcro on 26/04/2016 - 16:55
    +1

    As a DVD rental service, it was great. However, their streaming service sucked!

  • tassieeagle on 26/04/2016 - 17:53

    Wow that took a lot longer than I thought. Was expecting this a year or so ago

  • tonyjzx on 28/04/2016 - 15:31

    Is Stan next?

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