On the Mend, Kaleidescape Restructures Studio Deals, Eyes Premium VOD
After shutting operations over a “cash flow issue,” high-end video software and hardware company Kaleidescape is looking to restore faith in the brand, CEO Cheena Srinivasan told us. Its “bold new mission” is to make Kaleidescape the “pre-eminent platform for…
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that time when the studios are ready for premium VOD and day and date,” he said Thursday. Troubles date to STMicroelectronics shutting down its set-top box division in January 2016, along with production of chips for Kaleidescape's Ultra HD movie player. More recently, the company also restructured its relationships with the movie studios, including Sony and Warner Bros., the CEO said.