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D&M Holdings announced Thursday that it had divested itself of the digital video recorder software brand ReplayTV, which was purchased by satellite TV giant DirecTV. Terms were not immediately disclosed.
“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,” D&M CEO Eric Evans said in a statement.
ReplayTV launched in the late 1990s as a competitor to TiVo, but eventually lost out to its rival in the consumer market and was purchased by SonicBlue in 2001. SonicBlue later filed for bankruptcy -following a lawsuit over whether or not the device legally skip commercials- and its assets were purchased by D&M. ReplayTV discontinued its hardware operation in 2005 and operated solely as a DVR software provider for the PC market.
D&M will still handle service contracts for current subscribers, but DirecTV will control all other assets.
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