SONICblue/ReplayTV Seeks Chapter 11 Protection - Selling Off ReplayTV
from the too-bad dept
Well, they had denied this was going to be necessary, but now they've decided they simply can't make it work. ReplayTV maker Sonicblue has filed for bankruptcy with plans to stay in business just long enough to sell everything off. They've signed a tentative agreement to sell the ReplayTV division and their MP3 device division of to D&M Holdings (makers of Denon and Marantz) for around $40 million, but even that's not definite. It's unfortunate for a number of reasons. It would have been nice to see them survive, as they've been more consumer friendly than many other firms. Also, they've been at the forefront of the legal battle to explain to Hollywood the importance of fair use rights. Even with their recent change in senior management it had looked like they were going to continue to fight their legal battles. Now... it's up in the air what will happen to both the products and the lawsuits.