Move Networks, a market leader in adaptive bitrate streaming for over-the-top delivery of online video, is seeking a buyer, has laid off much of its staff and says President and CEO Roxanne Austin is stepping down immediately.
Andy Tarczon, a founding partner at the Diffusion Group said Move's demise isn't much of a surprise. The company has wallowed of late, brought in only $3 million of a hoped--for $20 million in its last funding round and has lost some of its largest customers, including Fox.
Move's adaptive bitrate technology, he said, provided "the best quality video experience online."
- see this release
- see this TDG commentary
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