VOD provider Akimbo shuts down
05/24, 10:45am
Akimbo Shuts Down
Internet video-on-demand provider Akimbo today has been confirmed by NewTeeVee as having shut its doors. The company says it has so far been unable to raise enough cash to remain profitable for its video delivery services and has decided to drop all but a bare minimum of staff while it seeks a mergers and acquisitions partner to buy up the company's assets. All video services run by the company at present, including Homezone and MavTV, are still running, according to checks.