SeeSaw CEO Pierre-Jean Sebert has left Arqiva’s online TV venture as part of the ongoing financial restructuring of the year old venture.
The news, initially reported by C21 Media and confirmed by Broadband TV News, follows the announcement last month that Ingenious Corporate Finance had been appointed to find an investment partner in the service. It followed October’s reorganisation that saw the merger of Arqiva’s satellite broadcast business with its terrestrial broadcast division, now including SeeSaw, under the leadership of Nick Thompson, managing director, broadcast & media.
It is understood that Sebert, a former programme director of Eurosport and managing director of its UK operations, departed SeeSaw last month. In a statement Arqiva said Sebert had stepped down to pursue other opportunities and wished him well for the future.
Launched in February 2010, SeeSaw was devised as a single online destination that would aggregate both catch-up and archive content from the UK and the United States.
SeeSaw paid an estimated £8 million (€9.56 million) for the technology developed by Project Kangaroo that was broken up after the intervention of the Competition Commission broke up the BBC-ITV-Channel 4 venture.