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TV Works Acquires MetaTV(July 13, 2005)
TV Works, a joint venture of Comcast Corporation (Nasdaq:CMCSA, CMCSK) and Cox Communications Inc., today announced that it has acquired the business and assets of MetaTV, Inc., a software services company. Prior to the acquisition, Comcast and Cox were investors in MetaTV. Additional details of the deal were not disclosed.
In connection with the acquisition, TV Works has hired all of MetaTV's employees, who will continue to be based in Mill Valley, CA, where the company will develop interactive applications, including those that can be integrated into the GuideWorks interactive program guide platform and will be OCAP compatible. GuideWorks, a joint venture between Comcast and Gemstar-TV Guide International, is a leading developer of interactive television guidance and navigation solutions for multichannel video providers.
"Acquiring the assets of MetaTV, combined with our investment in GuideWorks and our VOD platform, will help us continue to provide customers with a more interactive television experience," said Steve Silva, Executive Vice President of New Business Development for Comcast. "This is part of our continued focus on driving innovation for advanced digital cable services and strengthening cable's position as the provider of choice for home entertainment and information."
MetaTV had developed applications currently in use by several cable operators, including information, games, caller ID and customer service features. The MetaTV information application is integrated with the Microsoft TV Foundation platform that Comcast has deployed in Washington State. Additionally, Cox's recent deployment of iTV service in its Gulf Coast Florida system includes MetaTV applications.
TV Works (also known as Double C Technologies) is majority owned and operated by Comcast with a minority investment by Cox.
Related Keywords:TV Works, Cox Communications, comcast, MetaTV