It was only yesterday that we saw Quickflix lock in a trading halt on the Australian Stock Exchange, and now the company is coming back to life thanks to a partnership with Foxtel’s Presto on-demand streaming service.
Presto offers Foxtel’s collection of titles through a $10-per month subscription video on demand (SVOD) streaming service. The new partnership will see Quickflix offering Presto on devices such as smartTVs, game consoles, mobile and other devices.
Presto’s movie and television titles “will complement Quickflix’s transactional streaming and subscription services,” which will see Quickflix reselling Presto’s content to customers, including the DVD-buying market they say is worth over $1 billion a year.
“We are very pleased to enter an agreement with Presto, backed by Australia’s largest entertainment company, and the number one free-to-air broadcaster. Streaming is taking off and this agreement will significantly bolster our content offering for existing and future Quickflix customers whilst improving our overall operating economics,” Quickflix CEO Stephen Langsford said in a statement.
“After a review of prospective partners, it was obvious that Presto has the most impressive line-up of subscription streaming movie and TV content and we are delighted to be able to deliver this to our existing and future customers through the Quickflix experience.”
More details as they come to light.