IP Vision, the company behind the Fetch TV receivers and movies on demand service, has entered administration with the possible loss of up to 20 jobs.
The IP Vision boxes combined a Freeview DTT tuner with access to the BBC iPlayer, Sky Player and Fetch TV’s own on demand content. They were sold online and in some branches of Tesco under the Teknika brand.
IP Vision CEO Eddie Abrams said in a statement, “IP Vision is a recognised innovator with a well-deserved reputation in the field of hybrid DTT/IPTV solutions and premium over-the-top video on demand services. Purchasers will be able to take full advantage of the Company’s many strengths in these respective areas which include a fully-operational end-to-end hybrid TV platform and a multi-device, premium video on demand service with broad reach in conjunction with major TV manufacturers and approximately 30 content partners.”
The statement added that advanced discussions were underway with interested parties. The Fetch TV video on demand service will continue for the time being.
IP Vision was formed in 2007. Its shareholders included French manufacturer Netgem and fund manager F&C Reit.
Only in December a new Fetch TV app for Panasonic Viera TVs was released with a second app for Samsung’s Smart TV platform slated for the first quarter.
Peter Kubik and Michael Kiely of UHY Hacker Young have been appointed as administrators of the company. Mr Kubik’s most high-profile work was the recent administration of Portsmouth Football Club.