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["Thomas Beckett" <thomas AT tbeckett.com>]

Wow.  I wonder if this means there will soon be an opportunity to buy
some good video equipment for cheap?

TaB

>http://triangle.bizjournals.com/triangle/stories/2003/01/20/daily16.html
>
> Zoom Culture calls it quits
> Chris Baysden
>
> Chapel Hill-based Zoom Culture is shutting down.
>
> The move was confirmed by Donna Sorensen, vice president of sales,
> who  declined further comment. CEO Kip Frey was not available for
> comment.
>
> Zoom Culture was founded in 1999. It had about 40 employees at the
> company's headquarters and 15 in the field. The shutdown comes
> almost a  month after Marty Lafferty resigned as president and chief
> executive  officer of the company.
>
> The decision to end operations is quite a turnaround from a year
> ago, when  Zoom Culture was raising millions of dollars to finance
> its vision of  being a television production company that
> specialized in producing and  distributing original digital video
> content.
>
> In May 2002, Zoom Culture completed a Series B round of financing
> for $7  million. The funding was contributed by investors including
> Chrysalis  Ventures, Intersouth Partners, Cordova Ventures, the
> Atlantis Group,  Tristate Investment Group and Charlotte Angel
> Partners. In July 2002, the  company announced that it also had
> landed commitments for $2.5 million in  funding from investors led
> by Intersouth Partners, Chrysalis Ventures and  Cordova Ventures.
>
> © 2003 American City Business Journals Inc.
>
>
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