HBO, who invested over A$10 million into Australian movie hire Company Quickflix, has reportedly walked away from the struggling company days after its shares were suspended on the ASX.

Last week Quickflix was placed into voluntary suspension with the company indicating they were set to announce new investors. To date this has not happened.

HBO executive Henry McGee has confirmed he was quitting the Quickflix board and that he would not be putting himself forward for nomination in 2013.

Other posts by :

1. AST SpaceMobile boss outlines benefits
2. Report: LEO build-out accelerates
3. Germany outlines space commitment
4. Analysis: Impact of AT&T on US telcos and cable
5. Bezos rocket production boosted
6. Musk delays Moon landing until 2027
7. Hughes Satellite facing cash crunch
8. Major banks support AST SpaceMobile
9. Fitch downgrades DirecTV debt

Categories: Articles, Business, OTT, Premium, VOD