OPENTV ACQUIRE STATIC

OPENTV, ONE of the world's leading interactive television (iTV) and media solutions company, have announced that they have agreed to acquire London-based Static, a privately-held leading iTV media and entertainment company.
Static provides iTV application development expertise across multiple iTV platforms, broadcast design services for TV networks, and owns and operates one of the world's most successful iTV entertainment and games channel, PlayJam.
The acquisition of Static will provide OpenTV with immediate recurring revenue streams through PlayJam. PlayJam currently reaches more than 9.0 million homes across digital television networks in Europe, including BSkyB, ntl, Telewest, TPS, and Canal Satellite. PlayJam also currently runs on several iTV platforms, including those provided by OpenTV, Vivendi's Canal Plus Technologies, and Liberate.
OpenTV’s Chief Executive Officer, James Ackerman, said: "I am very excited about this acquisition, as it demonstrates OpenTV's commitment to move up the iTV value chain. With the acquisition of Static, OpenTV gains the world's most successful interactive entertainment and games channel, immediate recurring revenue streams, an award-winning broadcast design team, and a world-class iTV application development team with proven multi-platform experience."
Static also provide broadcast design services that assist TV networks in strengthening their brands.
Broadcast design services clients include Channel Four, The Disney Channel, FilmFour, Star TV, Sky, and Universal Studio Networks. (CD)