DivX Kills Stage6
See, this is why small agile players thrive inside online video. Unless they happen to be the clueful likes of Google or CBS, big corporations tend to trip over themselves in this space. Michael Arrington recounts the long, sad, dramatic tale behind the imminent shutdown of high-quality video site Stage6.
Long story short: big egos at parent company DivX alienate smart team at promising startup Stage6. All this happens just as Stage6 was about to get $27 million in investment and $10 million in revenue.
DivX just threw away a fortune over an executive ego battle. How fitting that the CEO of DivX is named Kevin Hell.
Tags: DivX, Kevin Hell, Stage6, stupidRelated Stories
POSTED IN: Video Sharing
3 opinions for DivX Kills Stage6
Belive Blog
Feb 27, 2008 at 12:53 pm
Stage6 bad management is now the reflex of the future.
VICER0Y
May 16, 2008 at 6:37 am
Stage6.com is gone but http://stage6.999.org is here
It has the same look as stage6 with channels etc. and a great community.
Top 10 Dotcom Bombs
Jun 7, 2008 at 3:10 am
[…] Proof that most big corporations have no idea how to leverage a good thing. Way to kill a well-loved high-quality video site, DivX CEO Kevin […]
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