IGN All: Microsoft Buys Media-Streaming Startup For Xbox

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Microsoft Buys Media-Streaming Startup For Xbox Jan 3rd 2013, 14:20 Microsoft has acquired a home entertainment startup to increase the digital media capabilities of the Xbox, according to a new report. The Wall Street Journal explains that the company has bought R2 Studios for an undisclosed amount along with patents related to controlling electronic devices. It's believed that both Google and Apple expressed interest in the company. R2 Studios was established in May 2011 by Blake Krikorian, who will now be joining Microsoft with a small team. The company is reported to have been working on creating technology that would allow digital media to be displayed and distributed on TVs, as well as home automation devices to allow users to remotely control such things as the heating and lighting of their homes with an Android app. Previously, Krikorian founded the company that created the Slingbox, a device which allowed TV to be streamed and controlled via a computer. Continue reading…

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