Ericsson on Monday announced its deal to acquire FYI Television, an entertainment metadata and media content supplier.
The telecom network vendor did not disclose the size of the deal.
The acquisition of FYI Television, based in Grand Prairie, Texas, will strengthen Ericsson’s position in broadcast and media services.
FYI Television accumulates and distributes TV entertainment content and linear scheduling data from over 9,000 TV networks daily.
Combining FYI Television’s US-market expertise in metadata, conversion and integration services with Ericsson’s position in these areas in Europe will create a global force in content discovery.
“Combined with our capabilities in TV platforms and content discovery, we will be able to help our customers to improve the video experience and identify new revenue opportunities,” said Magnus Mandersson, head of Business Unit Global Services at Ericsson.
FYI Television’s employees will join Business Line Broadcast & Media Services, part of Ericsson’s Business Unit Global Services.
Earlier this year, Ericsson established a US broadcast and media services hub based in Atlanta, Georgia.
Every day, people on all continents watch television programs prepared, managed and broadcast by more than 2,500 Ericsson staff based in Europe, the Middle East, Asia Pacific and the US.
Ericsson provides content discovery services in Europe, delivering metadata, images, search and recommendations on more than 3,000 TV channels in over 30 languages. Ericsson Broadcast and Media Services distributes more than 2.7 million hours of programming in more than 90 languages for more than 500 TV channels.
