AOL is to close its user-generated content site on 18 December.
Video hosting company Brightcove has pulled the plug on its free service. Users who don’t want to cough up for paid video hosting have until 17 December before their videos disappear. I believe this is just the beginning. In the current economic climate, many free services will close.
If you want an example of how the current economic situation is hitting retailers, take a walk along Manchester’s King Street.
The property crisis continues, with Manchester one of the cities that stands to be most severely affected (along with Liverpool, Leeds and Sheffield), in part due to over-supply. And it seems to me that many of the ‘luxury’ apartments in the city centre are anything but.
As marketeers, estate agents and other vested interests continue to talk up property in Britain’s city centres, the reality begins to emerge in newspaper articles.
Walking around Ancoats recently I noticed how many of the buildings (many old cotton mills) are still empty. Some are semi-derelict, in other cases the shell has been tarted up a little, but not much done inside. It’s hard to know how many apartments in the converted and newly-built blocks are occupied. If it hasn’t … How will Manchester fare if there’s a recession?
I saw this sad ad in an estate agent’s window on Deansgate. In case you don’t know, the building that was The Hacienda nightclub was completely demolished in 2002. An apartment block was put up on the site and is now marketed as ‘The Hacienda’.