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News
Issue #2001 - 43
(October 2001)
(Updated Oct.
24, 2001)
ACQUISITIONS,
MERGERS & AGREEMENTS
Widevine Technologies Lands $3-Million Investment From
Macrovision
Buried amidst today’s
business headlines of endless lay-offs and profit woes, there are
a few stories of companies landing significant investment dollars.
Widevine Technologies’ deal with a California venture capital firm
is one such story. The Seattle, Washington, company recently signed
an investment deal with Macrovision Corporation for $3-million in
Series C preferred stock.
Marcovision said it was attracted to Widevine’s proprietary
encryption-on-the-fly™ technology, a server-based architecture
that encrypts streaming media.
The technology has the capability to secure live events and
real-time communication for distribution to a set-top-box, Personal
Video Recorder or handheld device. Furthermore, it provides a high
level of security for delivering and playing back all digital media.
According to Widevine, its technology provides the missing
security link for cable companies, media companies, entertainment
companies and enterprise customers seeking to deploy new services
and technologies that provide digital content on-demand.
Macrovision’s relationships with leading content owners in
film, music, games, and software will give Widevine Technologies
unparallel access to key decision makers to jointly develop and
design solutions to meet the needs of these industries, said
Macrovision.
For more information: http://www.widevine.com
Mobileinfo Comments & Advisory: Good
to see investmentflowing into this space.
Note: This news release may contain
forward-looking statements. Readers should take appropriate caution in
developing plans utilizing these products, services and technology
architectures. All trademarks used in this summary are
the property of their respective owners.
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