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DivX Pulls Plug on Stage6

Posted by ScuttleMonkey on from the your-users-are-asking-for-ways-to-pay-you dept.

Xelios writes "DivX announced today that it will be shutting down Stage6, its high-quality video sharing site. 'So why are we shutting the service down? Well, the short answer is that the continued operation of Stage6 is a very expensive enterprise that requires an enormous amount of attention and resources that we are not in a position to continue to provide. There are a lot of other details involved, but at the end of the day its really as simple as that.' The news comes after the former CEO of DivX stepped down last year to head Stage6, which was to become a separate company, and the still ongoing legal battle with UMG."

3 of 84 comments (clear)

  1. I think I speak for everyone... by pwnies · · Score: 4, Insightful

    ...when I say that we'll miss you stage6. You provided us with an alternative to the much lower quality videos on youtube and many other like sites. Great job divx.

  2. Translation: by TubeSteak · · Score: 3, Insightful

    very expensive enterprise that requires an enormous amount of attention and resources In other words...
    The bandwidth costs are killing them and they're not making enough money from their content partners & advertising.

    The real bread & butter of Divx is licensing the codec.
    --
    [Fuck Beta]
    o0t!
  3. MOD PARENT AWESOME by Captain+Splendid · · Score: 4, Insightful

    XviD shits on DivX. Project Mayo forever.

    Scumbags.

    Is everybody paying attention? That's how you troll, kids.

    --
    Linux, you magnificent bastard, I read the fucking manual!