The streaming wars have claimed their first victim, with homegrown Quickflix going into voluntary administration.
The Perth-based streaming service, founded 12 years ago by CEO Stephen Langford has today appointed Ferrier Hodgson as administrators and blamed Channel 9 and Fairfax for its demise.
Despite Quickflix being first to the streaming market and holding a leadership position in 2014, ongoing growth has required capital for continued investment in content and marketing.
Neither Nine Entertainment nor Stan have ever participated in any capital raisings to assist Quickflixs growth and its ability to raise capital from any source has been constrained, the company said.
Stan Entertainment, which is owned b…
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