ZillionTV downsizes with staff layoffs
ZillionTV, a US-based provider of over-the-top video services to a retail set-top box which is backed by media giants including Disney, Fox, Sony and Warner Bros, has reportedly laid off around one third of its 100-member workforce.
According to news website Paid Content, a former employee has revealed that the company has made considerable layoffs, after apparently struggling with its business model. ZillionTV emerged from stealth mode last March, planning to offer an ISP-supported IP video service, featuring a rewards programme that encouraged users to watch ads, as well as requiring a US$ 100 activation fee.
However, the company has recently indicated that it will also offer a direct-to-consumer version of its set-top box in areas not covered by its operator partners, the names of which it has not as yet revealed.