Yesterday San Diego based DivX announced the shutdown of popular video site Stage6, to the surprise and dismay of the site’s 17.4 million happy monthly visitors.
There’s lots of speculation around why DivX is shutting the site down, ranging from piracy issues to the spiraling CDN costs of streaming all that HD content. At a meeting in late November the DivX board was asked to approve a spinoff and venture financing deal for Stage6. But at the last minute the board decided to cancel the spinoff and retain control of Stage6. According to multiple sources, a ridiculous battle of egos at the DivX board level caused most of the team to simply quit.
Stock in DivX hit an all time low today.
View: Full Story @ TechCrunch
There’s lots of speculation around why DivX is shutting the site down, ranging from piracy issues to the spiraling CDN costs of streaming all that HD content. At a meeting in late November the DivX board was asked to approve a spinoff and venture financing deal for Stage6. But at the last minute the board decided to cancel the spinoff and retain control of Stage6. According to multiple sources, a ridiculous battle of egos at the DivX board level caused most of the team to simply quit.
Stock in DivX hit an all time low today.
View: Full Story @ TechCrunch
Hell, I bet Microsoft themselves would even be interested.
sounds like a good time to buy!!!
The quality of stage6 was the best. I use it mainly for sharing my own videos.
i had created an acc and was gonna start putting stuff there instead of youtube just before it shut down
as if someone gives you something really wonderful and takes it away
if i would be multimillionair i would really help the Stage6 Divx keep alive cause so many people enjoy it
#1 Posted by Kushan on 27 Feb 2008 - 02:32
Hell, I bet Microsoft themselves would even be interested.
amen to that... Microsoft sounds like the perfect candidate
Last edited by DivX_Shin on 29 Feb 2008 - 22:12
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