Foxtel's Subscription Video-on-Demand service dubbed Presto marks another step in the platform's efforts to broaden its base to the 70% of Australian homes that do not subscribe to pay-TV.
DVD and online distributor Quickflix is raising almost $1.7 million from institutional investor Crede Capital Group.
Online and DVD rental company Quickflix ended its short-term funding woes in late-December after attracting a $5 million loan from international investors.
Troubled DVD rental house Quickflix has explicitly denied The Weekend Financial Review's claim that major investor HBO could force the company to repay a $10 million investment by the end of the year.
The future of Quickflix remains in question after the resignation of its chief executive and deputy chairman amid an ongoing search for new funding.
DVD and online film distributor Quickflix remains in discussions with potential new investors after posting an uplift in subscriber numbers
The company has new deals with Disney, Warner Bros, Madman, Umbrella, Accent Film, Bounty, Gryphon and Transmission Films
Australian Director Nash Edgerton directed the video for Bob Dylan's new single "Duquesne Whistle"