Quote:
Originally Posted by 1andrew1
Meanwhile, Box Nation filed its accounts last month for the year to March 2015.
Key points:
- Company reported a loss of £1.7m, revenue was not reported.
- Company was looking to raise another £5m. This investment would put the company on the road to profitability for year ending March 2017
If not, its Plan B was to "generate steady income based on providing content at a sustainable cost".
- The company's auditors say that there is material uncertainty which may cast doubt on the company's ability to continue as a going concern.
https://beta.companieshouse.gov.uk/c...filing-history
The recent move onto Freeview seems to suggest that the company got a cash injection enabling it to expand but there are no filings at Companies House to support this. However, I can't see Freeview making a significant difference to its revenue.
Talk of overseas expansion seems to have ended. |
Looks like Box Nation may be on the way out.
If not, I bet that the HD variant won't come to VM. If they are short of money, I imagine that Sky are bankrolling the HD service and won't allow it to come to cable.