Christie Digital Systems USA has announced that it and VistaPHX have ceased negotiations on a previously announced agreement in principle to sell Christie’s Broadcast and Professional Video group’s assets, including intellectual property and operational infrastructure, to VistaPHX.
Vista PHX was established earlier this year by former Vista Systems owners and industry veterans, CEO Clark Williams and CFO Jeff Wilson. The company was set to acquire the Spyder, Terra, Phoenix, and Mastering Gateway product lines, a move that would have return the products to the creators who had originally developed and manufactured them.
However, Christie will now retain those product lines, along with the operations supporting them, while it evaluates future opportunities. In a statement, Christie said it is committed to supporting customers, partners, and ongoing business activities tied to these products—and no additional details regarding the negotiations will be disclosed. Christie declined to comment for this story.
