Nintendo buys video streaming startup Mobiclip
updated 10:45 pm EST, Mon February 13, 2012
Nintendo gets Mobiclip for vide streaming
Mobiclip quietly confirmed Monday that it had been bought out by Nintendo. The new subsidiary of the console giant didn't explain details, including the value of the deal or what it would be producing with Nintendo's help. The company has been making primarily video codecs for the console universe, including Microsoft and Sony.
For Nintendo, Mobiclip has been best known for providing basic compression and video technology on the Gameboy Advance, DS, and 3DS. The company's later work saw it handling live content and could see it finding a way to deliver more streaming video to the 3DS. With the arrival of the Nintendo Network, the features might be crucial to getting a video store or other services up and running.
Whether or not the new firm could be brought on for the Wii U isn't certain, as it would only have until the end of the year at the latest. [via GamesIndustry.biz, free sign-in required]
