Headwaters MB advised FYI Television Inc. (“FYI” or the “Company”), the premier entertainment metadata and rich media content supplier based in Grand Prairie, Texas, on its sale to Ericsson. The acquisition will strengthen Ericsson’s already industry-leading 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, 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. FYI Television’s employees will join Business Line Broadcast & Media Services, part of Ericsson’s Business Unit Global Services, with the acquisition expected to close in Q1 2016.
Christopher S. Stark, President and CEO of FYI Television, says: “FYI has worked tirelessly for more than 15 years to develop a superior database capable of fueling devices with carefully organized and flexible datasets that hundreds of clients and 100+ million U.S. viewers have come to trust and depend on daily. FYI was ready to expand its global capabilities, and with Ericsson’s worldwide presence and expertise in content discovery, it is without question the right move for both companies.”
Sun Jen Yung, Managing Director at Headwaters MB, commented, “This is a great strategic combination for FYI Television and Ericsson, combining FYI’s US-market expertise and reach in TV metadata and entertainment image content with Ericsson’s leadership in content discovery in Europe to create a strong global player in content discovery. We are very pleased to have advised and worked closely with FYI to make this combination happen.”
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About FYI Television
FYI Television, Inc. (FYI), the TV metadata and entertainment image content expert, accumulates and distributes TV entertainment content and linear scheduling data from more than 9,000 TV networks daily, aggregating the information into customized formats for various digital, media, content, analytics and print clients for use on their connect devices such as tablets, phones, desktops, internet portals and gaming consoles. For more information, visit www.fyitelevision.com.
Ericsson (NASDAQ:ERIC) is the driving force behind the Networked Society - a world leader in communications technology and services. With approximately 115,000 professionals and customers in 180 countries, we combine global scale with technology and services leadership. We support networks that connect more than 2.5 billion subscribers. For more information, visit www.ericsson.com.