Akimbo streams out of business

by Nilay Patel, posted May 24th 2008 at 2:06AM

We hadn't heard from struggling content-delivery service Akimbo in over a year, so it's not really surprising that the latest news isn't exactly cheerful: the company is shutting down, leaving only a "skeleton crew" behind to find a buyer for its remaining assets. Akimbo seemed like it was searching for a viable business model from the start (eventually leading the company to drop its hardware offerings entirely), and like other would-be set-top box vendors, it looks like the economics of content delivery were simply too skewed to wrestle into profitability. Any bets on who's next?

[Via GigaOM]

Filed under: Home Entertainment

Tags: akimbo, iptv, set top box, SetTopBox

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Reader Comments (Page 1 of 1)

Neutral

nxtiak @ May 24th 2008 2:34AM

Wasn't Blockbuster trying to resurrect Movielink a month or two ago?

Neutral

Ryan @ May 24th 2008 2:45AM

Not sure I'm surprised. It was in the name.
Ryan
lessons in brevity

Neutral

Shadowise @ May 24th 2008 2:45AM

Another one bites the dust... I guess.

Neutral

andres @ May 24th 2008 3:45AM

rca akimbo walks down the street, with brim pulled way down low

Neutral

andres @ May 24th 2008 3:45AM

TO FAIL!

Low Ranked

nxtiak @ May 24th 2008 4:26AM

HUGE failure. I was first 5 minutes before you! hahahahahahahahahaha!

Highly Ranked

ovi @ May 24th 2008 7:27AM

Come on guys, my name is "cantcount". I am so tickled by this. Always some stickler who actually believes I think I'm first and has to let me know I'm not.

You just got diva'd. Enjoy the red carpet boys!

Neutral

Simon Waddington @ May 25th 2008 12:40PM

Joost will be next...

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