There’s a lot of talk this morning about recent activities over at Move Networks, an early leader in IP video delivery. It seems they’ve laid off the entire staff as mentioned by Will Richmond at VideoNuze leaving only the CFO holding the bag, or what’s left of it. And Ryan Lawler at NewTeeVee pointed out an interesting Tweet by Move this morning suggesting they’re looking for a buyout worth $150 million. We removed Move from the VidCompare directory several months ago when they hired Roxanne Austin and changed their business model, moving further from providing online video platform services.
It’s unfortunate to see another online video business go the way of Veoh, and SesameVault but it’s as we all predicted for this and next year. We’ll definitely see more M&A activity in the OVP space this year and even a few more shutterings but that’s not to say the sector is hurting, not by a long shot. Again, it’s specialization that will keep the big “C” (commodotization) from creeping up on us. Recent announcements from Ooyala with their focus on monetization and analytics, advanced analytics from VMIX, and new technologies from Unicorn Media’s workflow solutions all point to a move towards finding a niche, a need, a purpose.
I don’t think we’ve seen the last of Move, as we haven’t yet of Veoh (recent Tweet: Hey everyone, it’s been a while. But Veoh is coming back in a big way. We can’t wait for you all to see what we have in store.). My guess is they kept CFO, Jamie Harper in place to recap the company in an attempt to hang on long enough to find a buyer.