You will be redirected back to your article in seconds

Criterion eyes SeeSaw

U.K. online TV service is set to close

U.S. investment outfit Criterion Capital Partners is believed to be close to purchasing struggling British online TV service SeeSaw, which had been due to close following sustained losses.

Criterion has already bought beleaguered social network site Bebo for a bargain price and, according to reports in local media, hopes to repeat this strategy with a last-minute bid for SeeSaw, owned by U.K. TV transmission company Arqiva.

Arqiva is still in discussion with various parties about a possible sale,” a spokesman said.

Last month Seesaw, which offers online video on a free and pay basis, said it intended to mothball the service in June after failing to find a buyer.

Criterion bought Bebo in 2010 for a reported $10 million from AOL, which acquired it for $850 million two years earlier when it was riding a wave thanks to pioneering original content.

Former U.K. TV topper Michael Jackson now runs Bebo for Criterion and his skills may be called upon to rejuvenate SeeSaw.

The VOD service was popular with users seeking free content. But, in common with other U.K. aggregators, SeeSaw could not persuade enough people to pay to watch its shows.

Joost shuttered its U.K. service in 2009 while the loss-making VOD company Blinkbox recently sold a majority stake to U.K. retailer Tesco.

More TV

  • 'SNL' Turns the Impeachment Hearings into

    'Saturday Night Live' Turns the Impeachment Hearings into a Soap Opera (Watch)

    “Saturday Night Live” kicked off its Nov. 16 episode with a take on the biggest news story of the previous week (and foreseeable future): the impeachment hearings. But another big story of the week, especially in Hollywood, was how NBC’s last remaining daytime drama, “Days of our Lives,” had let its actors out of their [...]

  • Andy Cohen attends BravoCon's "Watch What

    'The Real Housewives of Salt Lake City' to Debut in 2020

    Bravo announced Saturday during its first annual BravoCon that a tenth “Real Housewives” series, “The Real Housewives of Salt Lake City,” will debut in 2020. Bravo host and “Real Housewives” executive producer Andy Cohen made the announcement during a panel titled “Ask Andy” at the NYC convention. “We’ve always tried to choose a city that [...]

  • Sterling K. Brown on His Oscar

    Sterling K. Brown on His Oscar Buzz for 'Waves': 'Kind of Surreal'

    Sterling K. Brown can’t quite comprehend the awards attention he’s receiving for his work in the A24 drama “Waves.” “If the Academy sees fit to put me in a category with people who I absolutely adore, I will pee all over myself, dude” the Emmy winner says on the latest episode of “The Big Ticket.” [...]

  • TV News Roundup: 45th Annual Humanitas

    TV News Roundup: 45th Annual Humanitas Nominees Announced

    In today’s TV news roundup, Humanitas has released the finalists for the 45th Annual Humanitas Prize, and YouTube announced a new beauty competition series hosted by James Charles.  CASTINGS Jason Kennedy has been named as the host of E!’s new series “In The Room.“ The “E! News” host will bring viewers inside celebrity homes for [...]

  • Editorial use only. No book cover

    Viacom Extends 'The Office,' 'Parks and Recreation' Syndication Deals

    “The Office” and “Parks and Recreation” reruns will continue to air on Viacom linear networks for the foreseeable future. The company announced that it has reached a new deal with NBCUniversal to keep “The Office” on Comedy Central through 2021. The series will then air in a non-exclusive window on Viacom Media Networks through 2025. [...]

More From Our Brands

Access exclusive content