Microsoft acquires home entertainment startup for Xbox - report
Microsoft has reportedly acquired a home entertainment technology startup for an undisclosed sum, in a bid to bolster its future entertainment offerings for Xbox.
the Wall Street Journal, the small team at id8 Group R2 Studios will join Microsoft's Xbox team in Redmond, Washington. Microsoft has also reportedly acquired numerous electronic control-related patents from the startup.
The R2 Studios startup, founded by Slingbox creator Blake Krikorian (pictured) in 2011, has been delving into distribution of digital media for televisions -- an area that Microsoft is keen to explore more fully, as it looks to bolster its non-game entertainment consumption on home consoles.