It follows Quickflix halting trading yesterday.
Once finalised, Quickflix will be able to market and sell Presto TV, Movies and Entertainment bundles across their existing range of services.
Shaun James, Director of Presto and Video on Demand, said, “Quickflix’s decision to resell Presto follows its strategic review of key players across Australia’s streaming entertainment landscape. It reinforces Presto’s unbelievable range of premium content backed by our leading marketing and curation expertise. We’re confident Quickflix customers will be delighted once they can experience the Presto service.”
The deal is subject to a series of commercial requirements and is expected to be finalised in coming months.