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The water is rising around Quickflix, and the Aussie streaming provider is running out of dry land to flee to. After failed deals in China and with Presto, as well as an embarrassing admission that it wasn't ready for Apple's iOS 9 platform, the company has more bad news to share.
In a release (PDF) to the ASX yesterday, Quickflix confirmed that it has slashed headcount by 20 per cent and cutting costs across the board. It's also restructuring its debt and looking for new funding by way of an R&D tax credit.
Stay strong, Quickflix.
PlayStation held a press conference overnight to show off some hot new games. You can get the full lowdown on Kotaku Australia, but the best thing that came out of it was a release date for the highly-anticipated space exploration game No Man's Sky.
It's coming in June 2016!
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