Discreet buys Media 100’s Cleaner
Media 100 has finalized the purchase of their streaming-media software assets to Autodesk’s Discreet division.
Media 100 gains $16 million through all of this cash deal. The businesses introduced plans to take part in the purchase on August 30. Discreet is buying all of the ip and branding legal rights of Media 100’s CineStream and Cleaner groups of movies online items.
John Molinari, president and Chief executive officer of Media 100, stated: “Although this announcement signals the close of an essential transaction for the organization, additionally, it ushers inside a new trend of development and innovation.”
“We are using this company forward, getting restored energy and concentrate to the new, next-generation digital-media systems which we feel bring us significant chance for long lasting success.”