SeeSaw closes

The video-on-demand service, SeeSaw, which began its troubled existence a while back as Kangaroo, has closed after its new majority shareholder Criterion Capital Partners said other investors have failed to provide new funding.

Arqiva launched SeeSaw in 2009 after buying the assets of the Project Kangaroo joint venture. Kangaroo was controversially prevented from launching by the Competition Commission. YouView – a similar collaboration of broadcast partners – is now set for launch next year.

The VoD market is getting increasingly competitive with Netflix set to join the likes of Blinkbox, LoveFilm, Google and more.

SeeSaw’s platform controller John Keeling and commercial director Matt Rennie left the company last month.