Rovi Corporation Acquires Sonic Solutions For $720M
Rovi Corporation has decided to spread it tentacles wider in the digital home solutions market place with the acquisition of Sonic Solutions. Both companies made the joint announcement last week that the Rovi will acquire Sonics in through a combination of stocks and shares worth about $720 million US dollars. With the acquisition of Sonic Rovi has stepped into the digital video processing, playback and distribution technologies.
Sonic Solutions today introduced RoxioNowtm, a wider technology platform to facilitate the new way of creating and enjoying media content. According to Sonic the RoxioNow brand will replace
Sonic solutions, the supplier of the Roxio CinemaNow™ platform and DivX, announced at this year’s Mobile World Congress that they have expanded their mobile device partnership. According to Sonic and DivX the partnership will enable the digital distribution of an extensive catalogue of premium titles on DivX Certified® mobile devices.
Consumers can now digitally stream movies from Sonic Solutions including new releases from major Hollywood studios often on the day and date the DVD release is available - on Blu-ray Disc players from LG Electronics.