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.