HTC sells Saffron Digital to Cinram for USD 47 mln

News Wireless Global 5 SEP 2013
HTC sells Saffron Digital to Cinram for USD 47 mln
HTC has agreed to sell Saffron Digital, a specialist in multi-screen video delivery, to Cinram for USD 47 million. HTC will retain a perpetual royalty-free licence to continue supporting digital media services on its devices, including the upcoming HTC Watch, on a worldwide basis. Cinram will pay an initial USD 7.5 million cash and the remainder in a five-year note of USD 39.5 million, bearing interest at 6 percent per year. 

HTC acquired UK-based Saffron in 2011 for GBP 30 million, as part of efforts to boost content services on its mobile devices. Based in Canada, Cinram provides manufacturing and logistics for CDs, DVDs and other digital media products.

Categories:

Mobile

Companies:

HTC,  Saffron digital

Regions:

Global

Tags:

Consumer devices, Handsets, M&A buyouts & divestments

Related Articles

GLOBAL 2 APR 2015

Saffron integrates Nowtilus streaming TV into MainStage

Saffron Digital has partnered with content workflow platform provider Nowtilus to add live streaming to its MainStage premium OTT platform. The partnership means that Saffron Digital can now offer broadcasters and operators a seamless TV Everywhere solution including live TV, catch-up and VoD. The new TV Everywhere system will be unveiled at NAB. Saffron has integrated Nowtilus's Nemo Bridge cloud-based live and catch up workflow management platform into MainStage. The The enhanced MainStage OTT platform of

GLOBAL 4 OKT 2013

HTC posts Q3 loss, sales down more than expected

HTC recorded a net loss of TWD 2.97 billion for the third quarter, on revenues down to TWD 47.05 billion. The operating loss was TWD 3.50 billion. The smartphone maker showed a small improvement in sales in September, which rose 38 percent from the previous month to TWD 18.15 billion. Overall, quarterly sales were still less than the TWD 50-60 billion predicted by the company and TWD 70.7 billion in the second quarter. HTC will release a full quarterly report later this month.

GLOBAL 5 SEP 2013

HTC verkoopt Saffron Digital aan Cinram voor 47 mln dollar

HTC heeft een overeenkomst gesloten met Cinram waarin de laatste Saffron Digital voor een prijs van 47 miljoen dollar overneemt van HTC. Saffron Digital is gespecialiseerd in multi-screen video delivery. In de overeenkomst is meegenomen dat HTC een gratis licentie krijgt voor het wereldwijd gebruik van de Saffron-diensten op al haar devices, inclusief het nog te lanceren HTC horloge. Cinram betaalt per direct 7,5 miljoen dollar in cash. De overige 39,5 miljoen wordt in de komende vijf jaar betaald met een r

GLOBAL 8 FEB 2011

HTC acquires Saffron Digital

HTC is acquiring video delivery platform company Saffron Digital. Saffron Digital's CEO Shashi Fernando said that HTC's investment increases the company's global expansion capabilities and provides it with an opportunity to expand into new markets like Asia and new sectors like games and music delivery. Saffron Digital will continue to provide its media and content services to its third-party partners, which include device manufacturers, network operators and content providers in 26 countries. The company's

Just In

19 DEC 16:42

SLT-Mobitel launches 5G network in Sri Lanka

19 DEC 16:19

Dialog Axiata launches 5G network, connects 1.5 million subscribers

19 DEC 15:56

UK govt to ban AI-enabled nudification apps to protect women, girls

19 DEC 15:42

3 UK launches last-minute Christmas sale

Commentary

13:56

Video market set for slower growth ahead

11:38

Netflix buys Warner Bros to deepen content catalogue

11:11

KPN's mixed performance in Q3 raises questions for strategy day

15:26

Stock markets breaking records but what happened to Odido's IPO plans?

Background

01:04

The week in telecom: Wi-Fi bolt-ons take off to boost broadband growth, video market works on consolidation

01:39

The week in telecom: Netflix wins bidding for Warner Bros, Apple poaches new execs, Samsung debuts trifold

13:51

Proximus vs. Telenet: Proximus performs better in Q3 while Telenet uses up cash

14:16

Proximus Domestic still struggling with low margins

Complete profile

Before downloading the whitepaper, we would like to ask you to complete your profile with company and position. After confirming you will receive the white paper.