Microsoft Acquires R2 Studios for Xbox Unit
January 3, 2013 9:33 AM
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R2 Studios has been working on technology that distributes and displays digital media on TVs
In an attempt to broaden its Xbox business, Microsoft has acquired a Silicon Valley startup that will bring new digital patents to the table.
Microsoft got its hands on id8 Group R2 Studios Inc., better known as R2 Studios, which launched in 2011 by entrepreneur Blake Krikorian. The startup specializes in entertainment and automation technology, and recently released an app that allows your smartphone to control your home's security system and thermostat.
R2 Studios has been working on technology that distributes and displays digital media on TVs, which can be beneficial to Microsoft's Xbox business. Xbox has been slowly working its way up from just being a video game console to also
providing content from services like Netflix and Comcast
The Wall Street Journal
, R2 Studios was also talking with Apple and Google for possible deals.
The amount that Microsoft paid for R2 Studios is unknown.
Xbox Live subscribers lost access
to the Cloud Saved Games feature, which allows gamers to store saved games online and pick them up later on a different console if they'd like. The outage lasted anywhere from a couple of hours to a couple of days. Microsoft compensated for the outage with a free month of Xbox Live to all who were affected.
The Wall Street Journal
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RE: a bit off-topic
1/3/2013 2:01:57 PM
LOL, yes, in a few years the wonder that is Android Phone will also replace our gaming consoles...
"I mean, if you wanna break down someone's door, why don't you start with AT&T, for God sakes? They make your amazing phone unusable as a phone!" -- Jon Stewart on Apple and the iPhone
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