20 November 2012 3:41 PM, PST | Encore Magazine | See recent Encore Magazine news »

Quickflix CEO Chris Taylor steps down

Film and TV streaming service Quickflix last night announced the departures of three of its board members including CEO Chris Taylor and deputy chairman Justin Milne.

Quickflix is among the biggest players in Australia’s rapidly growing video-on-demand sector.

Taylor was previously director of Telstra Media while Milne was group manging director of Telstra’s media operations.

Non-executive director Susan Hunter has also stepped down from the board.

Trading in the company’s shares have been suspended since last week. HBO, which bought a 15.7% stake in the company in February, had its representative Henry McGee resign from the board last week.

Yesterday’s announcement said: “Negotiations continue with regard to the future funding of the company. The directors and management are currently pursuing several options.”

At the time of suspension, the market value of the company was $25m.

Last night’s statement to the »

- Colin Delaney

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