Christie cancels sale of its broadcast and pro video assets

Christie Digital Systems and VistaPHX have ceased negations on the previously announced agreement in principle to sell the former’s broadcast and professional video group’s assets, including intellectual property and operational infrastructure, to VistaPHX.

Through the agreement, Christie will retain its image processing and compositor product lines – Spyder, Terra, Hedra, Phoenix and Mastering Gateway – along with the operations supporting them. In light of the news, Christie said that it is evaluating future opportunities and cited its commitment to supporting customers, partners and ongoing business activities tied to these products. The manufacturer stated that no additional details regarding the negotiations will be disclosed.