Macrovision Buys Consumer Electronics Software Maker Mediabolic - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Software // Enterprise Applications

Macrovision Buys Consumer Electronics Software Maker Mediabolic

Mediabolic's software is used by hardware manufacturers to build electronic devices that can discover, store, and play back Internet-based content.

Macrovision has acquired Mediabolic for $43.5 million in cash, adding to Macrovision's portfolio of software that enables consumer electronic devices to find and access online video.

Macrovision, based Santa Clara, Calif., said Wednesday the acquisition was completed Jan. 1. Mediabolic is a privately held company based in San Mateo, Calif.

Macrovision's portfolio includes the popular InstallShield tool used by developers to deploy applications on Windows and copyright-protection technology that prevents copying DVDs. Mediabolic's software is used by hardware manufacturers to build electronic devices, such as televisions, set-top boxes, and digital video recorders, that can discover, store, and play back Internet-based content.

"Mediabolic's software is a strong fit with our road map to help content owners transition from the world of physical media to the digital world on the strength of our technology and partner ecosystem," Fred Amoroso, chief executive of Macrovision, said in a joint statement with Mediabolic.

Most Internet content today is accessed through a home computer. Analysts say online video won't achieve its market potential until people are able to easily view downloaded movies and other content on their larger TV screens.

"We believe the opportunity to liberate content from the PC and move it throughout the home will become more important," Dan Putterman, founder and chief executive of Mediabolic, said. "By joining Macrovision, we will be in even a better position to help CE manufacturers, content owners and consumers work together to benefit from the emergence of digital media."

Macrovision paid $43.5 million in cash for all Mediabolic shares. The acquisition is expected to add to Macrovision's earnings in 2008 but decrease its 2007 profits by up to 10 cents a share.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
Slideshows
10 Ways to Transition Traditional IT Talent to Cloud Talent
Lisa Morgan, Freelance Writer,  11/23/2020
News
What Comes Next for the COVID-19 Computing Consortium
Joao-Pierre S. Ruth, Senior Writer,  11/24/2020
News
Top 10 Data and Analytics Trends for 2021
Jessica Davis, Senior Editor, Enterprise Apps,  11/13/2020
White Papers
Register for InformationWeek Newsletters
Video
Current Issue
Why Chatbots Are So Popular Right Now
In this IT Trend Report, you will learn more about why chatbots are gaining traction within businesses, particularly while a pandemic is impacting the world.
Slideshows
Flash Poll