San Francisco
– RMG Networks, the provider of a place-based network of entertainment and
advertising screens, announced on Monday that it has acquired Pharmacy TV, a
video network whose screens are deployed near pharmacist counters in major
grocery and drug store chains.
Financial terms of the deal were not disclosed.
San
Francisco-based RMG says its digital entertainment and ad network, which
includes 60,000 screens across in-flight, fitness and other sectors, reaches 25
million consumers monthly.
RMG is backed by digital cinema network National
CineMedia and Kleiner Perkins Caufield & Byers.
The company said it plans
to accelerate Pharmacy TV deployments in 2010.
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