Struggling streaming service Quickflix will live on after its creditors approved a $1.3 million sale to US-based technology company Karma Media Holdings.
The sale of Quickflix, which had its shares suspended from the ASX in August 2015 and went into administration in April, was approved at a creditors meeting on Tuesday - hours after the closure of rival streaming platform Presto was announced.
Quickflix, whose assets include its streaming platform and library of DVDs, will retain 24 employees.
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