The BBC and its partners ITV and Channel 4 have finally offloaded the ill-fated Kangaroo platform, which cost lots to build and failed before it started. The partners have agreed to sell the platform to Arqiva Ltd.
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The Competition Commission killed the project saying that it would give the three firms too much power in the market. Arqiva says that it is buying all aspects of the platform including hardware, software, and IP and expects the sale to be complete in the next few weeks.
The company plans to use the platform to provide a video-on-demand service to UK consumers in the next few weeks. The platform hopes to host top-quality content from leading broadcasters.
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Via The Register