ADOTAS — Online music and video distributor RealNetworks Inc., announced today that it acquired the assets of online game technology company TryMedia from Macrovision Corp. Financial terms of the deal were not disclosed.
The acquisition is part of RealNetworks’ strategy to boost its online gaming business, an exponentially booming industry. Online gaming revenues reached about $5.15 billion and is expected to reach about $11.75 billion by 2011, according to Strategy Analytics’ most recent report.
RealNetworks aquired Game Trust last year and announced a partnership with The Spill Group earlier this month.
“This acquisition doubles the scale of our syndication business and we are incredibly excited to welcome the Trymedia team,” said Harold Zeitz, senior vice president of RealGames. “Trymedia has been a leader in the digital distribution space, so together we have a full portfolio of syndication services that we can offer partners.”