R2 Studios has been working on technology that distributes and displays digital media on TVs
From DailyTech:
In an attempt to broaden its Xbox business, Microsoft has acquired a Silicon Valley startup that will bring new digital patents to the table.Microsoft Acquires R2 Studios for Xbox Unit
Microsoft got its hands on id8 Group R2 Studios Inc., better known as R2 Studios, which launched in 2011 by entrepreneur Blake Krikorian. The startup specializes in entertainment and automation technology, and recently released an app that allows your smartphone to control your home's security system and thermostat.
