Microsoft Word - QFX ASX Quickflix MOU Chinese Content Company Update 24 August (2).docx



24 August 2015

UPDATE ON CHINESE CONTENT COMPANY

Quickflix provides the following update in relation to the non-binding memorandum of understanding it entered into with a Shanghai-based film and television company on 5 August
2015.
Based on due diligence of the Shanghai-based company and advice received in relation to Chinese regulations and restrictions, Quickflix has decided that it will not be proceeding with an acquisition.
Quickflix recognises distribution of content into China and of Chinese content to the rest of the world is a significant opportunity and it is continuing to develop a China strategy. Quickflix is also pursuing opportunities for licensing and operating its studio-accredited streaming platform as a branded or white-label service in other international markets.

-END- For any enquiries, please contact:

Stephen Langsford Lewis Khan
Chairman & CEO PR
Quickflix Limited +61 423 665 628
+61 8 9347 4944 Lewis@rainmakercomms.com.austephen@quickflix.com.au

About Quickflix

Quickflix (ASX: QFX) is a leading TV and movie streaming company operating in Australia and New Zealand. It offers subscription and transactional streaming to a wide range of devices including Smart TVs from Samsung, Sony, Panasonic and LG, game consoles such as PlayStation and Xbox, TiVo, desk tops, laptops, tablets and a range of mobiles and other devices like Google Chromecast.

In Australia, Quickflix is also the leading subscription online DVD rental service.

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