Tokyo, Japan–D&M Holdings Inc. has sold most of the assets of its ReplayTV brand company to DIRECTV Group, Inc., the leading satellite television provider in the U.S. ReplayTV produces digital video recorders for the consumer market and enjoys a significant following due to its premium service and advanced technology. The terms of the agreement were not released.
Although we valued this asset and the business was profitable, the sale of ReplayTV to DIRECTV makes the most sense for this business, its employees and us, said chairman and CEO, Eric C. Evans. We believe this transaction is a positive development for ReplayTV and this sale allows D&M to further direct our focus on building our brands and executing our growth and acquisition strategies.
D&M Holdings will remain the operator of the existing service contracts for current subscribers for the foreseeable future while DIRECTV will assume most of the other assets of the brand company.