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MobiTV on the edge of bankruptcy - report

Monday 22 February 2021 | 09:29 CET | News
MobiTV, an app-based pay TV video streaming platform, is on the edge of bankruptcy, and has been relying on at least one of its customers to help cover monthly operational costs, LightReading reported. The company has raised over USD 200 million across 20 years, including USD 50 million in July 2019. If it does not find a solution to its financial issues, it may be forced to shut down and explore a liquidation, sources said. This could jeopardize a group of pay-TV service providers that rely on MobiTV's multi-tenant platform and its support for streaming apps that work with a broad set of TV

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Categories: Broadcast & Satellite / Internet
Companies: Amazon / Apple / C Spire / Cable One / Consolidated Communications / MobiTV / National Cable Television Cooperative / Roku / T-Mobile US / Windstream
Countries: United States
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All the King's men couldn't put Humpty Dumpty back together again.
Dig Dug @ 23/2/2021 - 00:47


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