Akimbo is making its third play into the video space launching a white label solution for business wanting to establish their own Web TV channels. While their track record might be less than impressive, Akimbo is perhaps becoming best known for its ability to keep getting VC funding. This time it has picked up $8 million in new VC, making it $56 million over nine years. According to PE Hub, return investors include AT&T, Blueprint Ventures, Draper Fisher Jurvetson, and Kleiner Perkins Caufield & Byers.
Self described as "revolutionary," the new video distribution service offers a variety of business models including advertising, transactional, subscription, download-to-own, download-to-burn, pay-per-minute, gift cards and account credits.
"One of the most important pieces missing in the stampede to the Internet video market has been an easy solution for content owners to control the marketing and sale of their own video assets,"Â claims Akimbo CEO Thomas Frank . "Until now, content owners have been forced to use incomplete solutions or rely entirely on distribution deals to publish professional content. We have engineered a solution that allows content owners to take control of their own destiny without incurring costly infrastructure expenses or unreasonable revenue splits with third parties."
Akimbo initially produced a set-top box to download premium VOD content for TV. Like many others have discovered consumers were not ready and the business closed a year ago. Akimbo then joined the stampede of companies trying to aggregate video content.
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