Quickflix to partner with Chinese content company

Quickflix has announced a deal with an unnamed Shanghai-based film and television company to combine the two businesses and form a global streaming platform for distribution of Chinese content into China and other international markets.

The unnamed company produces original Chinese language film and TV participates in co-production in China and other international markets and has future production in the works, including a deal with a US studio.

“Combining the Quickflix platform with original content and accessing large global audiences presents a significant opportunity to unlock the value of Quickflix,” the company said.

The deal is subject to further due diligence as well as shareholder and regulatory approvals.

Quickflix has terminated its deal to resell Presto as the “conditions precedent to the Foxtel Presto Reseller Agreement have not been met.”

Source: AdNews