Macrovision Acquires DRM Technology from Midbar Tech and TTR Technologies
Macrovision Corporation a leading developer and vendor of digital rights management (DRM) and copy protection technologies, has announced the acquisition of Midbar Tech, Tel Aviv-based developer of copy control technologies for the music industry. Macrovision has signed a definitive agreement with TTR Technologies, Inc. to acquire TTR's music copy protection and DRM assets and to terminate an alliance agreement between the two companies. The closing of each transaction is subject to regulatory and shareholder approvals and the fulfillment of certain other closing conditions by each party. Macrovision says the combined Macrovision and Midbar development staffs will, over the next several months, integrating Macrovision's SafeAudio and SafeAuthenticate solutions with Midbar's CDS 100 and CDS 200 products. As part of that integrated solution suite, they will pursue controlled CD-burning technology and the controlled export of music files to consumer electronic devices. The TTR assets to be acquired include three issued and eight pending U.S. patents, and a number of international patent applications, in the areas of optical media copy protection. The termination of the Macrovision-TTR alliance agreement will terminate copy protection revenue-sharing arrangement between the two companies.