Quickflix Limited
(ASX:QFX) has struck a deal with Foxtel and its Presto movie and TV subscription video on demand streaming service.
The video streaming company will distribute Presto to its existing and future customers on a range of consumer devices.
Quickflix CEO Stephen Langsford says the deal will significantly bolster the company’s content offering and improve its overall operating economics.
The agreement remains subject to conditions including due diligence and funding arrangements.
Quickflix reported a net loss of $10.15 million in the 2014 financial year.
