Advanced Television

VoD service SeeSaw closes

October 28, 2011

UK VoD service SeeSaw appears to have closed for good, following an initial planned closure in June.

The company’s website simply says: “Thanks for your support but SeeSaw is no longer available.” Broadcast transmission infrastructure specialist Arqiva, which acquired the aborted Project Kangaroo from it founding partners BBC, ITV, Channel 4 and Channel 5, put SeeSaw up for sale in January 2011.

In the absence of a buyer, it announced the June closure, but a last-minute deal saw a consortium of banks, venture capitalists and private equity firms take a 75 per cent stake in the operation. It seems the committed funding has failed to materialise, forcing Arqiva to announce the closure.

Categories: Articles, Business, Catch Up, Funding, Joint Venture, M&A, Premium, VOD