suspends shares; May benefit competitors says Media
Man, by Greg Tingle
- 3rd August 2015
streaming service Quickflix has suspended its shares
from trading ahead of an expected announcement about
a new deal.
company last Thursday requested a trading halt, saying
it planned to release an update regarding a potential
corporate transaction with an international party.
Monday, Quickflix requested a voluntary suspension
of its shares, saying it hoped it would be lifted
on or before Wednesday.
recently raised $775,000 through the issue of new
shares, and is facing increasing competition from
the likes of Netflix.
loss may be the competitors gain, be it a Netflix,
Stan, WWE Network, UFC Fight Pass or even a Fetch
TV or "SlimFetch", by long time Media Man
friend and associate, Kashif Amjad.
can bet that the Amjad's of this world.. movers n
shakers of the Australian streaming television sector,
will be watching this space pretty closely this week.
Nine's Gyngell may be tempted to comment on the current
state of the industry, birdies advised MM. Maybe the
shake up may encourage gaming billionaire to develop
a gaming and / or casino television channel!
Man expects these developments can be only good news
for you - the consumer.
writer previously worked in the Australian subscriber
business (Optus Vision and Optus Communications) for
over 5 years, specializing in the bundling, contract,
PPV and ethnic channel sector.
Tingle and former Foxtel boss Kim Williams