Quickflix founder Stephen Langsford steps down after sale to US-based tech firm

Quickflix founder Stephen Langsford has stepped down from the company following its acquisition by US-based technology company Karma Media Holdings.

Chief financial officer Simon Hodge and board director Dave Smith have also resigned.

The departure of Langsford comes 13 years after he founded the Perth-based streaming company which, in recent years, has lurched from one financial crisis to another, finally calling in administrators in April. Creditors voted at a meeting earlier this month to sell the company to Karma.