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August 09, 2005
AudioFeast goes down
Looks like Podcasting has killed at least one company - AudioFeast - a $10M funded startup selling a subscription audio service. It appears they burned through that money since December 2004, no small feat. Now it looks to be a Podcasting site. Bummer.
Content is king, and the big media content owners know this. When I was full into Mazingo (a company delivering audio and video to PDAs), we were all shocked at the onerous licensing terms from companies like CNN and WSJ, just to name a few. The theory was that we were offering a new distribution channel that wouldn't cannibalize existing channels, and we wanted to do no-money-up-front rev share agreements. The only deals to be had for the name brand content were guaranteed minimums. Needless to say, Mazingo didn't make it.
Posted by Bill Dettering at August 9, 2005 11:42 PM | Technorati Tags: media audio mp3 podcasting