The polymorphous life of Akimbo came to an abrupt terminal this workweek , as the embattled video - on - need turned whitened label video service was shut down for goodness . The surprising move function down just four months after Akimbo was given an extra $ 4 million to fund its television service venture . Now the extra cash will go towards former employees ’ breach software system . Let us reflect on the turbulent past of Akimbo .
Akimbo pip play in 2002 with a hardware - based VOD define top box that allowed consumer to download TV display from its 200 partners . When the computer hardware did n’t put to work out , the company fork off into the PC computer software business with Akimbo for Media Center in the twilight of 2005 . It struggled until 2006 , when the caller received a much - needed shot in the arm fromCisco and at&tto the tune of $ 15 million .
https://gizmodo.com/akimbo-gets-a-nice-loan-might-live-to-see-another-day-183757
In February 2008 , Akimbo shifted , again , to a telecasting service poser , but failed to raise a place $ 8 million in financing . High - level executive squabbles earlier in the year also jeopardise to jump the fledgling fellowship , and this week they apparently come to a boiling point . More than a dozen employee were terminated on May 22 , with a three - somebody skeleton squad staying on to superintend the fellowship ’s final days . All told , Akimbo received approximately $ 56 million over the course of its existence for fundamentally nothing . If onlyGizmondowould take the confidential information . [ TechCrunch ]
https://gizmodo.com/gizmondo-to-rise-from-the-dead-in-winter-2008-founder-389250
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