DivX has announced that it has acquired Malvern, PA based AnySource Media LLC. DivX’s acquisition of the leading Internet Television streaming platform AnySource Media allows users to directly connect their television to a wide variety of content and services on the Internet, enabling hundreds of virtual on-demand channels.
AnySource Media has developed a software solution that can support e-commerce transactions and enable rapid navigation and seamless playback of hundreds of virtual on-demand channels directly via HDTVs, Blu-ray disc players and other consumer electronics devices such as mobile phones.
The AnySource Internet Video Navigator(TM) enables online video on a living room TV and easy access to Internet-based videos, music, photos, games and data content at the touch of a button through a standard remote control.
Dan Halvorson, Executive Vice President and Chief Financial Officer of DivX said, “The acquisition of AnySource’s technology platform and the addition of their talented team advance our development schedule by at least one year,” said Dan Halvorson, Executive Vice President and Chief Financial Officer. “For the remainder of 2009, the acquisition will increase our headcount and integration costs by approximately $1.3 million, or $0.02 per diluted share, net of taxes.”
Related posts:
- CBS Corporation Elects Joseph Ianniello As Executive Vice President And Chief Financial Officer
- 2009-2010 Regional ACC Football and Basketball Packages Live Internet Streaming Schedule On Raycom Sports
- ESPN Acquires Virtual Technology Provider Vistas Unlimited
- CBS Outdoor International Promotes Antonio Alonso As Chief Executive Officer
- Alpha Broadcasting Acquires Four Radio Stations in Portland, Oregon