Popular video sharing site "Stage 6" closes at the end of this month

It was revealed that the free high-quality video sharing site "Stage 6" operated by DivX, Inc. will close on February 28th.

Although beta version is currently being managed, uploading of moving pictures has already been stopped and it seems that they will end the service without going to official service.

Details are as below.
Stage 6 to Shut Down on February 28

According to this article, "Stage 6", which was launched for content creators and consumers to experience new experiences through high-quality video, is too costly to operate, explosive of similar video sharing sites As it did not function as a business model, it seems he decided to terminate the service.

"Stage 6" as a site will continue to operate until February 28, and it is said that it will be closed to transition. In the future, we will continue to develop products such as installing the video compression codec "DivX" in various products.

Will the selection of video sharing services begin in the future?