Ericsson to Acquire FYI Television

ATLANTA: Ericsson is planning to acquire FYI Television, an entertainment metadata and rich media content supplier.

FYI Television 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 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.

Magnus Mandersson, the executive VP and head of Business Unit Global Services at Ericsson, said: “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. FYI Television’s expertise and customer base in the U.S. is a great complementary fit for Ericsson and will be an integral part of our growth strategy. It will strengthen our position as one of the leading providers of media services in the world.”