Wednesday, July 01, 2009

Yahoo ending Cambridge firm Maven’s video hosting service - The Boston Globe

More Maven details

“Online video has continued to surge,’’ he said. “More people are watching video online than ever. It’s just that Yahoo has determined, wisely in my view, that it can’t afford to build a business hosting and supporting third-party corporate video sites. It’s the kind of brutal decision that companies have to make in this kind of economic climate.’’

Although companywide layoffs included job losses in the Cambridge office in the spring, Yahoo said there will be “no new layoffs as a result of winding down Maven’s customer base.’’

Karlsten said the Internet service will continue to use Maven Networks technology in its Yahoo video player.

Yahoo ending Cambridge firm Maven’s video hosting service - The Boston Globe

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