Editor ©RapidTVNews | 16-09-2011
The SeeSaw UK VOD project which was brought back from the dead by Criterion Capital Partners looks to be in jeopardy again followed the resignation of two of its senior management team.
Leading UK media sources have reported that Platform controller John Keeling, commercial director Matt Rennie and product director Richard Dines have left the firm only weeks after former BBC One controller Michael Jackson declined to helm the VOD operator as he was expected to do.
SeeSaw is also in a state of disarray from a content perspective with both Channel 4 and channel 5 pulling their material from the VOD service that currently shows only the BBC as a partner.
Private equity firm Criterion headed a team of investors—reportedly including former executives from Disney and Arqiva—to buy the over the top (OTT) VOD supplier which at acquisition offered on-demand content from broadcasters ITV and Channel 4. SeeSaw, which had also spent £8 million acquiring the assets of BBC Worldwide’s ill-fated Project Kangaroo, also had over 3000 hours' worth of free content plus 1000 hours of paid for material including programmes from MTV and NBC Universal.
Reports suggest that the resignations were sparked by Criterion embarked on a cost cutting programme which meant that promised investments would not take place.