Someone forgot to tell Lockheed Martin Voom’s in trouble

December 29, 2004

voomOk I admit the post title is a little overly inflammatory, but with all of the ‘it’s over talk’ and ‘Voom’s shutting down’ banter around the net, I thought a little levity was in order. Apparently when Voom contracted with Lockheed to build Rainbow Ka-1, 2, 3, 4 and 5, they meant it. I wanted to bring this up last week when all of the doom and gloom stuff resurfaced, but I wanted at least some small amount of backup. And unless my english isn’t so good today, here it is. Voom could have canceled that satellite that Lockheed’s working on right now, but hasn’t. Granted there would have been a hefty fine for doing so, but if you were about to close up shop would you still let the painters in for a fresh coat of paint?

You see folks when you sign a $150 million dollar contract with Lockheed, you don’t just throw your hands up in the air a few months later and give up. Services like Voom are financed with deep pockets, the kind of pockets that don’t pull out lint when you have a rough couple of months, this is why I don’t read a whole lot into the suspension of the spin-off. It could mean any number of things, but to assume its curtains doesn’t make a lot of sense. I think a more likely scenario to a full shutdown, is an outright sale to another satellite provider.

Which brings me to my next point, this whole 26k subscriber thing, I’ll go out on a limb here, and if I’m wrong feel free to roast me over the coals on this one, but Voom has to have more than 26k subscribers. This magical 26,000 number has been floated around since early last summer, and there’s just no way in hell they’ve carried a net loss of sub’s for over five months. When I’m off my meds I forget to eat, but these guys would have to be certifiably insane to keep beaming sat signals into less homes than bought tickets for Gigli.

They gather up these numbers bi-annually if I’m not mistaken, and likely they just haven’t released the current numbers, then again I could be wrong and the whole shebang might go out like New Coke or Vanilla Ice. But again folks, easy on the “Vooms Doomed” business, even if you’re right, you won’t know it for months or longer. And if they go bust tomorrow I’m pleading the fifth.

Posted by Bryan Greenway | | Filed Under HDTV Programming