Najafi Companies-owned Cinram has acquired video delivery technology specialist Saffron Digital for US$47 million (€36 million) from HTC.
Toronto-based Cinram is one of the largest global manufacturers and distributors of Blu-rays, DVDs and CDs. Cinram, acquired by Najafi Companies earlier this year, also provides digital and creative services through its Los Angeles-based digital media agency, 1K Studios.
“Saffron Digital is an ideal partner to add to our Cinram portfolio,” said Najafi Companies CEO Jahm Najafi. “Its cloud-based digital content delivery and usage is industry-leading and adds further depth to our entertainment related investments and holdings.”
“We are excited to welcome Saffron Digital into the Cinram group of companies,” said Cinram CEO Steve Brown. “In the field of Digital Rights Management, Saffron Digital has led the way, delivering a superior viewing experience across the spectrum of online devices. This acquisition enables Cinram to build on its reputation as a complete end-to-end supply chain provider to the entertainment industry within the digital, as well as physical space.”
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