Online Video Shakeout Continues: JumpTV And NeuLion Merge
JumpTV had been on the ropes, losing money at a rapid rate after purchasing a number high value streaming properties, most notably the Broadband Network division of XOS last year for $60 million. But scale alone does not guarantee success in digital media and the company has been slow to integrate their worldwide properties and find a focus which could drive it toward profitability. Earlier this year the company announced they were exploring the sale of their in-house CDN to lower operating costs.
Sources:
- www.onlinevideowatch.com
- journals.aol.com
- www.abalive.com
- mlntherawfeed.squarespace.com
- www.tvover.net
- www.paidcontent.org
Tags: 60 million, broadband network, cdn, eliminatorias sudamericanas 2010, eliminatorias2010, goltv, jump tv, jumptv, jumptv.com, money, profitability, rapid rate, ropes