Don't you think that people will choose a company who will give them channels they want and not all the free, useless, not interesting stuff offered by legit guys? Who cares if they are ligit or not? Don't buy into the annual subscription and if the company goes down, you only paid for what you watched. Find another one that offers something similar. It is a vicious circle. Nextv may be good, legit (which I highly doubt), but mostly simply unable to offer the channels people would pay to watch since they are available on satellite or cable.
Worse comes to worse, get yourself a Sling box and host it in the country of your interest and watch all the channels from there.