SeaChange International Inc (SEAC)

[realfast95]

Once a cutting edge company. They got in bed with Cable TV. They never recovered.

Movies were distributed by Blockbuster and Hollywood Video. On tape, in cassettes. NFLX started when video's were put on CD's.
They stuffed them in envelopes and mailed them to your home.

SEAC and CCUR outlasted a couple of other pioneers. They split the cable TV market. CCUR got Time Warner. SEAC got Comcast.
Digitalizing video and putting them on computer. Transmitting them across cable TV lines to settops on top of your TV.

What went wrong?

The hardware companies didn't know how to scale. Cable TV were hated. Bills too high. They placed extensive expensive barriers to prevent cheaters.

NFLX was a subscription model. You had to mail your video's back in order to get more. Cable charged for each video. The free video's were old. NFLX looks the other way. Once subs even free subs get hooked, they grow into paying subs. Nobody knows the vendors behind the technology

ROKU is a hardware company. SEAC could have done that. They knew how. They didn't get anything for over-the-top.

Oh well. DEC, Blockbuster, Hollywood video, all gone. CCUR too.