Original article by Mitchell Bingemann
The Australian – Page: 21 : 27-Apr-16

Listed subscription video-on-demand provider Quickflix has been placed in the hands of administrators from Ferrier Hodgson. Quickflix has attributed its decision to go into voluntary administration on the refusal of streaming rival Stan to endorse a proposal to restructure redeemable preference shares. They were issued to HBO in 2011 and subsequently sold to Stan’s joint owner Nine Entertainment Company in 2014. Quickflix says Stan’s terms for agreeing to the restructure were unacceptable.

CORPORATES
QUICKFLIX LIMITED – ASX QFX, STAN ENTERTAINMENT PTY LTD, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, HBO, NETFLIX INCORPORATED, FAIRFAX MEDIA LIMITED – ASX FXJ, FERRIER HODGSON AND COMPANY