SeaChange International said cable operator spending on VoD has s...
SeaChange International said cable operator spending on VoD has slowed, as the company’s quarterly sales fell 39%. Revenue was $26.2 million in the 2nd quarter ended July 31, according to preliminary financial results. SeaChange had a $3.3 million loss,…
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compared with a year- earlier profit. Along with less cable VoD spending, SeaChange CEO William Styslinger said telecom “VOD deployments are later than we anticipated.” SeaChange stock fell 15%. Customers include Comcast, Time Warner and Verizon.