A few days ago it was just a rumor and now it has finally been confirmed that the site is closing down due to financial problems. Apparently they have been unable to even afford to pay their most prominent streamers on time. And that this problem has been developing for quite a while now.

When it rains, it pours and this week it seems we’re going to have to get the sandbags out to prepare for a flash flood. News has just hit of another casualty within the industry due to the economic hardship that seems to still be squeezing away.

Following a tip off from an anonymous source, Cadred.org reports that Vienna based streaming company Own3d TV is shutting down and is set to close its doors for the last time within the next week.
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