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News about Quickflix
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Quickflix loses nearly 6500 customers
Paying customers at online and DVD rental company Quickflix dropped 5 per cent to 113,036 in the March quarter.
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Quickflix receives $1.7m equity funding
Quickflix has received around $1.7 million in equity funding from Crede Capital and has begun a drawdown of loan funds from Gleneagle Securities, receiving around $860,000 of the first $1.5 million tranche.
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1
Quickflix increases paying customers by 27 per cent
Quickflix's revenue increased 32.8 per cent in the half year to December 2012 to $9.8 million, driven by an increase in the average monthly number of paying customers.
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Quickflix signs streaming agreement with LG
Quickflix has signed an agreement with LG to distribute Quickflix’s digital service through LG televisions and Blu-Ray players in Australia and New Zealand.
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1
Quickflix: “We’ve got to get ourselves to profitability”
Late last year, online movie and DVD rental service, Quickflix, found itself in a sticky financial situation and entered a trading halt, pending an announcement about a capital raising.
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