Kit digital buys Sezmi's over-the-top video assets
Four months after shutting down what it had described as a "personal TV" service, Sezmi Corp. has sold its assets to Prague-based Kit Digital.
Sezmi had boasted that it would topple cable companies when it debuted in 2009, marketing consumers a set-top box that delivered Internet video content combined with the feeds from local TV stations. But it failed to generate significant interest from consumers in its set-top, which it had sold for $300.
ZillionTV, which had marketed a similar Internet video set-top, filed for bankruptcy last March.
Under terms of its agreement, KIT picks up 18 patents related to over-the-top video from Sezmi. After announcing that it was folding its personal TV service in September, Sezmi said it would focus on distributing its technology to service providers. The company has about 80 employees and contractors in the U.S., and 55 in India.
- Fierce IPTV has this story
Sezmi pulls plug on personal TV service
Sezmi stepping back to return as OTT provider
Losing interest, Sezmi backs away from cable channel offer
Sezmi, Amazon partner on TV service
ZillionTV calls it quits