Tech
Emblaze loses money but wins licence
It's swings and roundabouts for video pioneers...
![zd-defaultauthor-john-oates.jpg](https://www.zdnet.com/a/img/resize/f003642ff3a4c83cebe72dee73eca287fd3feed8/2014/12/04/e3ca4e52-7b69-11e4-9a74-d4ae52e95e57/zd-defaultauthor-john-oates.jpg?auto=webp&fit=crop&frame=1&height=192&width=192)
It's swings and roundabouts for video pioneers...
Mobile streaming company Emblaze said increased spending on research and development had pushed it into the red. Emblaze, formerly Geo Interactive, lost $6.2m for the six months ended 30 June compared to a profit of $3.9m for the same period a year ago. Eli Reifman, chief executive of Emblaze, told the FT: "This is a matter of choice. We could have continued to be profitable but we made a conscious decision to increase investment." Emblaze also announced a deal with Italian mobile operator Wind. The telco, which claims 20 million customers, will license Emblaze technology for its GPRS network. The video email and video-on-demand services are aimed at corporate users and what the Emblaze website describes as "young techno-fun consumers". For related news and video see:The 3G Interview: Eli Reifman, founder, Geo
http://www.silicon.com/a36025
Geo
Interactive buys £18m Zapex chip business
http://www.silicon.com/a37765