View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
October 31, 2011

UK’s online TV streaming service SeeSaw is shut down

The company claims majority stakeholder's failure to meet funding commitment as the major reason

By CBR Staff Writer

British online video service SeeSaw has been closed down, after its new majority stakeholder Criterion Capital Partners decided not to invest any further.

Media services company Arqiva created SeeSaw with licensed content in February 2010, using the assets of Project Kangeroo, a proposed joint venture between British broadcasters that was rejected by the UK’s Competition Commission.

The same year in September, Channel 4 and Channel Five pulled their programmes from the site after licensing deal expired, which led Arqiva put it up for strategic review in January 2011.

Bebo social networking site owner Criterion Capital Partners bought 75% stake of the on-demand video service, following the review.

Arqiva claimed that the new investor failed to provide their committed funding, which led to the closure of the service. The closure of the business is expected to affect around 20 staff.

The announcement by Netflix about its plans to open up in the UK and Ireland, with a streaming service, also affected SeeSaw.

Content from our partners
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU