Babelgum scaling back
Following the demise of Joost, the other internet video aggregator service Babelgum is shutting its Dublin HQ. There are also reports that offices in London, Milan and New York will be consolidated.
Babelgum told paidContent:UK: "This decision allows Babelgum to streamline its approach, improve its cost effectiveness and ensure its continued growth in future years. Babelgum remains one of the very few aggressive players in the new media market."