You are using an older browser version. Please use a supported version for the best MSN experience.

Quickflix survives with $1.3m US sale

AAP logoAAP 5/10/2016

Struggling streaming service Quickflix will live on after its creditors approved a $1.3 million sale to US-based technology company Karma Media Holdings.

The sale of Quickflix, which had its shares suspended from the ASX in August 2015 and went into administration in April, was approved at a creditors meeting on Tuesday - hours after the closure of rival streaming platform Presto was announced.

Quickflix, whose assets include its streaming platform and library of DVDs, will retain 24 employees.

image beaconimage beaconimage beacon