GMST 6.61 Gemstar-TV Guide Signs Amendment to License Agreement with Mitsubishi
Mitsubishi to Be the First Consumer Electronics Company to Deploy TV Guide's Latest CE IPG Product, "TV Guide Daily"
Jul 18, 2007 9:00:00 AM
Copyright Business Wire 2007
LOS ANGELES--(BUSINESS WIRE)--
Gemstar-TV Guide International, Inc. (NASDAQ: GMST), a leading media, entertainment and technology company, has amended its licensing agreement with Mitsubishi Digital Electronics America, Inc. The Company will continue to provide Mitsubishi, the maker of award winning high-definition home theater products, with the rights to incorporate Gemstar-TV Guide's consumer electronic (CE) interactive program guides (IPGs), including the newest IPG product, "TV Guide Daily," into select digital televisions in its portfolio in the U.S. market.
Mitsubishi will begin to deploy TV Guide Daily, a simplified, easier to operate version of Gemstar-TV Guide's full-scale programming guide. TV Guide Daily features 24 hours of program listings that populate much more quickly than the full-scale guide. TV Guide Daily's listings include full program descriptions, ratings and HD icons denoting shows broadcast in High Definition. The guide provides listings data for antenna and cable services and requires no phone connection, as the listings data arrives daily, via an over-the-air signal.
"We are pleased to have launched our new product, TV Guide Daily, with Mitsubishi and to continuing to work with them to help maximize the television experience of their loyal customers," said Tom Carson, president, North American TV Guide IPG, Gemstar-TV Guide.
Mitsubishi has been shipping premium TV Products with the current version of TV Guide's CE IPG (TV Guide On Screen) and will begin launching TV Guide Daily in its products beginning this summer. TV Guide's IPG is available in Mitsubishi's three Diamond line 1080p DLP(R) high-definition televisions. TV Guide Daily will be available in a range of Mitsubishi's LCD flat panel products including both Diamond and non-Diamond models.
About Gemstar-TV Guide
Gemstar-TV Guide International, Inc. (the "Company") (NASDAQ: GMST) is a leading global media, entertainment, and technology company that develops, licenses, markets and distributes products and services that maximize the video guidance and entertainment experience for consumers. The Company's businesses include: television, publishing, and new media properties; interactive program guide services and products; and intellectual property licensing. Additional information about the Company can be found at www.gemstartvguide.com.
This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Any such forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties that may cause actual performance or results to differ materially from those in the forward-looking statements, including risks and uncertainties related to the timely availability and market acceptance of products and services incorporating the Company's technologies and content; our investments in new and existing businesses; the impact of competitive products and services; and the other risks detailed from time to time in the Company's SEC reports, including the most recent reports on Forms 10-K, 10-Q and 8-K, each as it may be amended from time to time. The Company assumes no obligation to update these forward-looking statements.
Note to Editors: Gemstar, TV Guide, TV Guide Daily, and TV Guide On Screen are trademarks or registered trademarks of Gemstar-TV Guide International, Inc. and/or its subsidiaries. The names of other companies, products and services used herein are for identification purposes only and may be trademarks of their respective owners.
Source: Gemstar-TV Guide International, Inc.
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