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DivX has announced that at the end of this month they will discontinue operations of the Stage6.com video sharing site. They have already stopped user uploads and you can view sites through the end of the month. The compete traffic chart is below showing just under one million uniques in January 2008.
DivX will focus on video sharing on third-party sites. With the traffic levels the site is showing and the 30,000 videos on the site, couldn’t they find a buyer? Seems a bit off to just close the service with such strong traffic levels. The company did say that they worked on a exit plan since mid-2007.
“Our core business is to work with a wide variety of partners to give consumers a high-quality digital video experience on any device or platform,” said Kevin Hell, CEO of DivX, Inc. “By no longer expending resources on Stage6, we sharpen our focus on creating a global standard for digital video while building a business that maximizes shareholder value. We will provide more information related the Stage6.com shutdown on our fourth quarter earnings call, scheduled for March 11, 2008.”