Quickflix asks for restructuring of AU$11.7 million debt

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freitasm

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#191651 11-Feb-2016 15:17

According to ZDNet Quickflix asks for restructuring of AU$11.7 million debt:

Australian subscription video-on-demand (SVOD) company Quickflix is looking to restructure the redeemable preference shares (RPS) owned by rival streaming service provider Stan in an attempt to continue competing in the sector.

Stan, a joint venture of Nine Entertainment and Fairfax Media, took ownership of the Quickflix RPS in July 2014, when Nine acquired the shares from HBO for an undisclosed amount. HBO had been issued the RPS by Quickflix in March 2011 during their commercial relationship.

ASX statement here.

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old3eyes

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#1490555 11-Feb-2016 15:49

I might actually use them if their content was in HD and their TiVo interface / download system worked..

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sarahfoxnz

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#1530941 12-Apr-2016 17:00

Hmmm - Tivo (australia) on its deathbed & Quickflix owes millions.....

I guess its time to find alternates - & save up $$$

Batman

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#1531027 12-Apr-2016 19:40

For people wanting to purchase Tivos, would these units still work of TiVo folds?

old3eyes

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#1531343 13-Apr-2016 08:37

joker97: For people wanting to purchase Tivos, would these units still work of TiVo folds?

Yes but there would be no EPG so it's back to the old VCR method. At least the TiVo is am / pm time setup so I won't get it hours out like I used to using 24 hour setup.

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richms

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#1531352 13-Apr-2016 08:56

They should talk to those fullas that restrucutred dick smith, that managed to make a useless turd become worth heaps for long enough for some people to cash up big time.

Richard rich.ms