It's looking more and more like HBO really is Netflix's biggest threat -- HBO just invested $10 million in Quickflix, a Netflix-like service in Australia. Deadline.com reports:
Following a recent content licensing agreement, HBO is to take a 15.7% stake in Australian VOD service Quickflix. Under the terms of the deal, HBO will invest $10 million and appoint a representative to the Quickflix board, subject to shareholder and Australian Stock Exchange approval. Quickflix, which offers DVD and Blu-ray rental by mail as well as instant streaming, has approximately 94,000 paying subscribers.
Ironic that HBO is investing Down Under before they go Under.
Posted by: Mrmanmac | February 07, 2012 at 05:00 PM
I really hope HBO doesn't go under because of the great content that they provide. I'm totally hooked on Luck
Posted by: Edward R Murrow | February 08, 2012 at 12:19 AM