Project Canvas loses Channel Five

Channel Five leaves IPTV service Project Canvas

Channel Five leaves Project Canvas. Six partners remain.

Channel Five announced their departure from Project Canvas, the IPTV service set to go live in 2011.

This announcement comes soon after Project Canvas was given the all-clear signal by the Office of Fair Trading.

The departure of Channel Five leaves Channel 4, BBC, ITV, BT, TalkTalk and Arqiva as the remaining partners behind Project Canvas. The official blog for Project Canvas states that Channel Five will not involve itself with the project any further, pending a review of its digital investment strategy.

However, Channel Five's withdrawal from Project Canvas might only have financial implications, as its content will still be accessible by the IPTV service.

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- Channel 4 and TalkTalk join Project Canvas

Charles Constable, Director of Strategy at Five said that he believed Project Canvas will be a "critical part" of their strategy "for reaching consumers in the future." Sentiments echoed by the Director of Project Canvas, Richard Halton, who said: "We look forward to working with them as a content provider to the platform in the future."

Project Canvas, when launched, will offer video-on-demand, web-based content, and services over the internet direct to the TV.

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Via: TechRadar