The streaming war claims a new casualty: Quickflix is going under
In the statement, Quickflix CEO Stephen Langsford laid the blame for his company’s collapse on Stan. […] “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,” Langsford said. “Neither Nine Entertainment nor Stan have ever participated in any capital raisings to assist Quickflix’s growth and its ability to raise capital from any source has been constrained by the redeemable preference shares.” – Ariel Bogle, Mashable
You must log in to post a comment.