Dutch TV app specialist 24i—usually the star pupil of parent company Aferian—has been subjected to further fat-trimming, as first half 2024 revenue sank 33% year on year to $7.4 million for the software and services division. Faultline is promised that the back end of this year should see sales cycles reflected in recurring revenues, boosted by 24i’s own evolution from front-end finesse into an almost pure back-end technology company. This revenue decline was primarily the fault of losing two significant customer contracts at the end of 2023. We learn that these were not traditional pay TV operator customers of 24i, but most likely broadcasters, which plain and simply decided to take TV application development in-house. 24i CEO Sebastian Braun, groomed…