Net Insight closes sale of Sye unit to Amazon

Net Insight has closed the sale of its Sye consumer streaming business, to Amazon for approximately SEK350 million in cash. The transaction is effective from today. Net Insight revealed in December that it had signed an agreement to divest Sye, which was engineered to provide low-latency live streaming, helping solve one of the key challenges […]

Net Insight sells Sye streaming business

Media vendor Net Insight has announced an agreement to divest its Sye consumer streaming business for SEK 350 million (€33.4 million) to an as-yet unnamed Fortune 500 company. The move effectively sees Net Insight exit the increasingly crowded consumer streaming sector at a lucrative moment. In a statement, the company said that considering its stature […]

Net Insight to seek ‘capital contribution’ for in-demand live-streaming tech

TV technology company Net Insight is to devote more resources to its low-latency live streaming solution Sye, which the company says will require a new capital contribution in the autumn. Net Insight says it is “currently evaluating the size and potential forms of the capital contribution” required for the product. The company says it has […]