Gene Simmons-Backed Cable/Internet VOD Firm Withdraws IPO

We reported mid last year on the strange case of NGTV, a developmental stage company, which filed for an IPO…the cable VOD and content provider is backed by Kiss-frontman Gene Simmons, who is the chairman. There were doubts then that it would go through, and now RH reports that the company has withdrawn its planned $43.1 million IPO.
The company, based in LA, had planned to raise the money to fund the launch of music- and celebrity-driven programs. The original S-1 is here, in case you’re interested.
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