US giant wants a piece of Quickflix

Original article by Mitchell Bingemann|Darren Davidson
The Australian – Page: 19 & 27 : 24-Jul-14

Following news that free-to-air TV group Nine Entertainment had acquired a stake of 8% in listed DVD rentals and video streaming provider Quickflix, the latter has become a target for other media sector groups as well. It is believed that US-based Netflix, which operates a business similar to that of Quickflix but far larger, has approached the Australian company with an offer. Netflix is set to enter the local market soon. Stephen Langsford, CEO of Quickflix, has also sought to attract News Corp Australia and Seven West Media as investors

CORPORATES
QUICKFLIX LIMITED – ASX QFX|NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC|SEVEN WEST MEDIA LIMITED – ASX SWM|NEWS CORPORATION – ASX NWS|NEWS CORP AUSTRALIA PTY LTD|NETFLIX INCORPORATED|FOXTEL MANAGEMENT PTY LTD|TIME WARNER INCORPORATED|HOME BOX OFFICE|TOURNAMENT FIELD

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