Ericsson, Monday announced its intention to acquire FYI Television, a premier entertainment metadata and rich media content provider to strengthen its broadcast and media services portfolio. FYI Television's employees will join Business Line Broadcast & Media Services, part of Ericsson's Business Unit Global Services.
Texas-based FYI Television accumulates and distributes TV entertainment content and linear scheduling data from over 9,000 TV networks daily, aggregating the information into customized formats for various digital, media, content, analytics and print clients for use on their connected devices such as tablets, phones, desktops, internet portals and gaming consoles.
Earlier this year, Ericsson established a US broadcast and media services hub based in Atlanta, Georgia. The company currently provides closed captioning services to broadcasters around the world from this hub, with plans to roll out video description services over the coming months.
Magnus Mandersson, Executive Vice President and Head of Business Unit Global Services at Ericsson
As the TV industry evolves and viewing behavior changes, we believe that high-quality, rich metadata will be a key component for a personalized TV experience. 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.
