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HBO, who invested over A$10 million into Australian movie hire Company Quickflix, has reportedly walked away from the struggling company days after its shares were suspended on the ASX.
Last week Quickflix was placed into voluntary suspension with the company indicating they were set to announce new investors. To date this has not happened.
HBO executive Henry McGee has confirmed he was quitting the Quickflix board and that he would not be putting himself forward for nomination in 2013.