Diablo Management, the company managing the Digital Railroad liquidation, has notified the members and customers of the defunct platform that its assets may be purchased by an unidentified “twenty-year fixture in the industry.” Additional details on the mystery buyer closely match only one company: Newscom.
Digital Railroad has received a letter of intent to purchase hardware and image-management application software. Diablo Management has also said that the potential buyer intends to continue providing services to Digital Railroad members and customers with as little interruption as possible, and to contact owners of images to determine their disposition.
The Diablo memo described the buyer as a digital media marketplace with over 25 million images, news stories and videos, marketed to a network of 5,000 buyers. The number of assets alone narrows the possibilities to only a few large distributors, and there are additional clues: the years in business, the availability of a news-syndication offering and linguistic similarities between Diablo’s description and Newscom’s own marketing copy.
The same memo, issued on Friday, says additional updates on the situation will be posted on the Digital Railroad information page of the Diablo Web site.