Own3d.tv down for the count

What once started out as a promising streaming endeavor that focused on gaming has announced today that they will end their service by the end of the day. A few years ago Own3d.tv tried to compete in a market dominated by livestream.com, ustream.com and justin.tv, of which none had a game-oriented site until justin.tv came up with twitch.tv. This last one has proven to be a very tough competitor for Own3d.tv and since it’s launch it has become the #1 choice for some of the largest streaming communities, stealing away necessary viewers from Own3d.tv.

Our very own Crystal_Method (who remembers him?) had close contacts with the developers and originators of Own3d.tv and tested their service with his bandwidth, which gave Holysh1t TV his easy to remember “channel 5” on Own3d.tv. Even with the channels going up in the thousands, they could not keep the site profitable and by an announcement they said that the decision was tough but it had to be made. With Own3d.tv a tonne of Quake Live vods and history will go down, as there was no longer a way to get older low quality vods off the site.

The announcement:

Dear gamers, dear own3D community,

own3D and its management, having evaluated the future of own3D, have decided to cease operations on January 31st, 2013.

As the first livestreaming portal for gamers own3D had a turbulent start with unexpected growth. We have tried to drive the company into profitability but due to the capital intensive nature of our industry and increasing competition, we have not been able to reach it despite our best efforts.

This is a difficult decision for all of us at own3D. However, after much deliberation this seems to be the best course of action despite the impact it will have on all the employees, clients and partners who helped build this business.

We are grateful for your support as our pioneering ride comes to an end. The own3D team has always aspired to provide the gaming community with the best tools for sharing their gaming experiences and growing their projects. We therefore hope that you have enjoyed watching a few epics over the years.

The day has almost arrived when professional gamers are as recognized as other athletes. We hope to have shown what is possible for the future of eSport and competitive gaming.

The gaming revolution will not be televised – it will be streamed.

Your own3D team.

Note: Business partners will be contacted directly regarding proceedings