Telstra admitted last week that the movie download service offered through its T-Box platform was 'not as comprehensive' as had been available through its DVD rental service '” with about 2,500 titles being available online, compared with the 44,000-odd DVDs which Telstra had owned. However, the telco is adding to its online portfolio on a regular basis.
Quickflix itself appears to be benefiting greatly from the closure of rival services. In April this year, the company revealed that its numbers of paying subscribers had grown by over 12,000 during the preceding quarter, reaching a total of 64,204. Revenues also increased by 24 percent, reaching $3.32 million.
However, the company faces significant new competition in the online movie delivery space; with telcos such as Telstra pushing hard into the area and smaller ISPs like iiNet and Internode also launching online video on demand and IPTV platforms.
Image credit: Quickflix