Posted by : Randy Cooper in (CDN)

Online Video Distributor Akimbo shuts down

VentureBeat is reporting that set-top box manufacturer turned online video distribution company Akimbo has shut down and laid off its remaining staff. Earlier this month the company laid off a bunch of employees who proceeded to rip the business model or lack thereof apart in comments on NewTeeVee.com. Akimbo had focused initially on delivering online video to the TV via a custom set-top box . When that failed the company raised more money and shifted to providing a turnkey content management and monetization system which also never got off the ground. While they managed to sign up a few solid partners in their time (MLB.com was a partner while I worked there) senior management abandoned the company a while back.

Source: http://www.onlinevideowatch.com/akimbo-ends-its-misery/

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