FetchTV owners, IP Vision, enter administration

IP Vision, the company behind the Fetch TV OTT/DTT platform, has entered administration.

IP Vision has initiated a process to sell its hybrid DTT/IPTV solutions and premium VOD businesses and assets as it represents the best means of maximizing value for the Company’s creditors and stakeholders. It has appointed Peter Kubik and Michael Kiely as Joint Administrators of the Company with effect from 22 December 2011 and advanced discussions are underway with interested parties.

It is expected that FetchTV, the company’s video on demand service, will continue to operate during the sales process.

Eddie Abrams, IP Vision CEO, commented, “IP Vision is a recognised innovator with a well-deserved reputation in the field of hybrid DTT/IPTV solutions and premium over-the-top video on demand services. Purchasers will be able to take full advantage of the company’s many strengths in these respective areas which include a fully-operational end-to-end hybrid TV platform and a multi-device, premium video on demand service with broad reach in conjunction with major TV manufacturers and approximately 30 content partners.”