The companies plan to collaborate on future security and tamper-resistant software solutions for commercial delivery of digital music to Internet-connected home appliances and stereo devices.
Macrovision is a digital rights management technology provider that specializes in creating copy protection and encryption technologies for digital products. Macrovision's investment will help RioPort position its PulseOne Media Service as a player in the delivery of digital audio content. PulseOne provides a content hosting center, a catalog of audio content, a network of e-tailers and a secure rights e-commerce system.
"Macrovision has a deep expertise in providing tamper-resistant technologies for a broad range of entertainment media and we are excited by the prospect of leveraging their strength and expertise as we advance our PulseOne Media Service," said RioPort CFO Wade Meyercord.
The company also announced the opening of a Japanese Subsidiary, KK Rioport.com Japan. The company has secured initial funding from one of Japan's premier VC firms JAFCO, as well as Softbank Internet Technology Funds.
"RioPort is very excited to make this first global expansion step of our PulseOne Media Service via Rioport-KK," said company President and CEO Jim Long.
"We believe Rioport KK is firmly positioned to become the leading digital media ASP in Japan," added Nick Endo, president of RioPort KK.
LIVE NATION POSTS (ANOTHER) RECORD QUARTER
More butts in seats than ever before. (5/3a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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