Akimbo streams out of business

Nilay Patel
N. Patel|05.24.08

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In this article: akimbo, iptv, set top box, SetTopBox
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]
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