Programming distributor and OTT service provider Olympusat and Float Left, a maker of TV Everywhere and OTT video app systems, said they have scuttled their merger and will now pursue their longer-term business goals independently.
They didn’t specify why they killed the merger, but noted that the decision followed a six-month trial period. Olympusat and Float Left announced their merger agreement in April.
“Float Left and Olympusat will continue informal collaborations as opportunities are identified. This decision will allow each organization to remain focused on its core mission,” they said.
In tandem with the merger-related announcement, Float Left also announced that its opening an office in Toronto, and has appointed Scott Murrow to VP of sales for the North America region. Morrow most recently was VP, distribution for AMC Networks.
Float Left counts clients such as AMC Networks, Red Bull, Crackle, CBS Sports, and Viacom. It used the INTX 2016 show to debut Flicast, an interface/UI for connected devcies.