ASX-listed streaming and on-demand video supplier Quickflix has cut a deal with Freeview to secure a channel on the free-to-air set-top-box.
Quickflix, which has lost three board members and its chief executive in recent weeks, will launch a service on Freeview next year, offering 'all you can view' subscription offering as well as pay-per-view for new release titles, it said in a statement. The deal comes a day after local pay-TV supremo Sky Network Television's joint venture with state-owned Television New Zealand, Igloo, went live.
"This is a significant development for Quickflix because half a million kiwis will have immediate access to our subscription and pay-per-view movie and TV streaming service," executive chairman Stephen Langsford said.
"We're encouraged by the take-up of Quickflix streaming services in New Zealand, and this deal is a significant boost to our audience reach in the region."
The Sydney-based company has had a rough ride in the past month, suspending trading in its shares for three weeks as it worked through its funding options. The shares plunged 63 per cent yesterday when they resumed trading, and were unchanged at 2.1 Australian cents today.
