Vidgo, the live TV streaming service that has been down for more than three months, may be seeing the light at the end of the tunnel.
Vidgo has received “substantial interest from a couple of parties that are discussion for a partnership or strategic investment,” a person familiar with the company told Cord Cutters News. The company still expects to restore service if it receives additional funding.
The comments offer a rare glimpse into the situation at Vidgo, which raised concerns about its viability after its service went down in October and has remained offline for more than four months. Cord Cord Cutters News previously confirmed that the outage was caused by a vendor dispute after not paying its bills, which was first reported by StreamTV Insider, and that it was seeking new funding. But questions about its ability to obtain new funding and get back online remain.
Interest in Vidgo heated up after last week’s announcement that ESPN, Fox, and Warners Bros. Discovery were teaming up to create a streaming service bundling 14 sports cable networks together, the person said. Vidgo offers a lineup of sports networks including ESPN and FS1, and is a key reason why it attracted subscribers.
For customers, Vidgo’s fate remains a mystery. This weekend, the service suspended its TV Everywhere login credentials that had previously let customers log on to various network apps like ESPN or FS1 to access their feeds. “We are writing today to inform you that our TV Everywhere service has been suspended until further notice,” the company said in an email to customers.
With the service down, the ability to use its login was one of the key remaining benefits of the service. The company has stopped billing customers and said it would offer them a $10 monthly credit for the next six months, and also credit their accounts for the number of days the service has been impacted. Alternatively, customers can cancel their service.
Prior to the outage, Vidgo cost $69.99 a month and let you stream a bundle of more than 110 live channels, as well as on-demand content, all with a DVR.
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