Kaleidescape set to close
Kaleidescape, a company that provides high-end hardware and software digital video library and distribution solutions is to close.
The company began in 2000 with a product enabling users to rip their DVD collections to a hard drive and then access them through an attractive interface – something far from common, back then – and went on to become highly regarded in the custom install business for their video distribution products that could playback bit for bit perfect copies in up to Blu-ray disc quality.
Unfortunately, for Kaleidescape, along the way they made powerful enemies and, in 2005, the DVD Copy Control Association (DVD CCA) took legal action against the company which effectively resulted in Kaleidescape having to withdraw their DVD ripping machines from sale.
Moving with the times, late in 2015, Kaleidescape announced their plans for the new Ultra HD HDR era in home video with a cloud based download service and Strato player able to support the new video formats, as well as Dolby Atmos immersive audio. In fact, despite the complexities, Kaleidescape had managed to negotiate deals with six of the seven major studios to allow UHD downloads and replay via their system.
As you might imagine, building a back-end system to store and, more expensively, keep the videos securely encrypted proved a very costly exercise and in an interview with CE Pro, Kaleidescape CEO, Cheena Srinivasan admitted the company had run out of money in pursuing their goal.
“Basically we had sky-rocketing costs. We had the solution, but we had to spend money. We exhausted our financial resources,” stated Srinivasan.
Srinivasan maintains that existing customers will be looked after and is still hopeful a buyer for the company and/or technology can yet be found but, at least for the time being, it’s goodbye Kaleidescape.
Source: CE Pro
To comment on what you've read here, click the Discussion tab and post a reply.