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Apple Acquires Video Discovery Startup Matcha: A Perfect Match For Apple TV?

Apple Acquires Video Discovery Startup Matcha: A Perfect Match For Apple TV?

August 14, 2013
Last month, Apple acquired Locationary and HopStop as part of its efforts to improve its proprietary mapping service. Then, earlier this month, it was reported that Apple purchased the low-energy chip manufacturer Passif, apparently for the company's long-rumored iWatch. And now, Apple is said to have bought the streaming video discovery and recommendation startup Matcha, which may be a perfect match for the company's TV plans. VentureBeat has the story:
… Apple is said to have purchased for an estimated $1 to $1.5 million, according to VentureBeat’s source. Yet, the final amount could have been much higher, considering that was seeing regular growth and was routinely ranked among the top 15 entertainment apps listed in Apple’s App Store. Another source tells VentureBeat that the purchase price is definitely incorrect, but couldn’t comment further.
The service was launched in January 2012 and was abruptly taken offline last May. Matcha co-founder and CEO Guy Piekarz told TechCrunch, though, that the company was not "shutting down" and that it was just working on a "new direction." Apparently, that "new direction" has led Matcha toward Cupertino, where Apple may or may not be working to revolutionize the TV industry. Back when it was still available, Matcha afforded users an easy way to find and watch their favorite streaming movies and TV shows in one place. It offered a powerful search, discovery, and recommendation functionality across the most popular video services, including Netflix, Hulu, Amazon, Comcast, and, of course, iTunes.

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