Akimbo streams out of business

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]

[nxtiak @ May 24th 2008 2:34AM]

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

[Ryan @ May 24th 2008 2:45AM]

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

[Shadowise @ May 24th 2008 2:45AM]

Another one bites the dust... I guess.

[andres @ May 24th 2008 3:45AM]

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

[andres @ May 24th 2008 3:45AM]

TO FAIL!

[nxtiak @ May 24th 2008 4:26AM]

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

[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!

[Simon Waddington @ May 25th 2008 12:40PM]

Joost will be next...