By now, most video industry professionals are aware of the lawsuit filed by Encoding.com founders Greggory Heil and Jeffrey Malkin against Telestream, the long-standing US media software vendor acquired by private equity firm Genstar Capital. Faultline can now reveal the full extent of what the founders claim is a calculated attempt to deny them tens of millions of dollars—a battle they admit could lead to financial ruin, but one they are adamant to fight. Telestream, founded in 1998 as a pioneer in the video transcoding industry, acquired Encoding.com in mid-2022 for $40 million, with a further $15 million in deferred “Subsequent Consideration” promised by October 2023. Encoding.com, founded by Heil and Malkin in 2008, had grown into a revered cloud-based…