Macrovision Closes Acquisition of Gemstar-TV Guide
Combined Organization to Lead the Next Evolution in Digital Home Entertainment Services
Last update: 1:33 p.m. EDT May 2, 2008Print E-mail RSS Disable Live Quotes
SANTA CLARA, Calif., May 02, 2008 (BUSINESS WIRE) -- Macrovision Corporation (MVSN:Macrovision Corporation
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Last: 16.53+0.21+1.29%
1:21pm 05/02/2008
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MVSN 16.53, +0.21, +1.3%) today announced that it has completed its acquisition of Gemstar-TV Guide (GMST:gemstar-tv guide intl inc com
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Last: 4.20+0.01+0.24%
1:21pm 05/02/2008
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GMST 4.20, +0.01, +0.2%) , a global leader in video and entertainment guidance technology and services. Combining Gemstar-TV and Macrovision technologies positions the company as a key enabler of the digital home entertainment experience.
The resulting company, Macrovision Solutions Corporation, is now focused on bringing together its key assets, such as program guides, connected services and device connectivity. The integrated capabilities will empower consumer electronics manufacturers, system operators, content providers and Web portals to bring innovative products to market faster than ever.
The digital entertainment industry is undergoing a transformation as new business and distribution models emerge to address consumer behavior. Macrovision believes that the result of its integrated solutions will further accelerate this market transition.
"As the digital entertainment industry has recently evolved, we have focused our efforts on enabling our customers to respond to the demand for open, easy-to-use and integrated capabilities that deliver on the promise of the digital home," said Fred Amoroso, CEO and President of Macrovision Corporation. "Gemstar-TV Guide adds important capabilities to our existing portfolio and roadmap for the digital entertainment market. The combination of the two organizations extends the offerings that support the entire value chain associated with providing and managing consumer and commercial content while driving the advancement of the connected home."
"After many false starts and broken promises, the emergence of the connected digital home now seems a foregone conclusion," said Joshua Martin, senior analyst in Yankee Group's Consumer Research group. "The rise of the digital home will have wide-ranging impacts for service providers, consumer electronics (CE) manufacturers, network infrastructure providers and digital home companies. The nimble will unseat lethargic, slow-moving, established players as entrenched competitors who are properly positioned will experience further success."
Shares of Macrovision Solutions Corporation common stock will begin trading on the NASDAQ Global Select Market on May 5, 2008. To retain the ticker symbol "MVSN," which was Macrovision's former ticker symbol, the combined company will initially trade under the temporary ticker symbol "MVSND." On June 2, 2008, the "D" will be removed and the shares will resume trading under the symbol "MVSN." Effective May 5, 2008, the common stock for each of Macrovision and Gemstar-TV Guide will cease to be traded and will no longer be quoted on the NASDAQ Global Select Market. In accordance with the transaction, on an outstanding shares basis, former Macrovision stockholders now own approximately 53% and former Gemstar-TV Guide stockholders own approximately 47% of Macrovision Solutions Corporation.
About Macrovision Solutions Corporation
Macrovision Solutions enables the digital home entertainment experience by allowing businesses to protect, enhance and distribute digital goods to consumers across multiple channels. The Macrovision Solutions technologies are deployed by companies in the entertainment, consumer electronics, cable and satellite, and online distribution markets to solve industry-specific challenges and bring greater value to their customers. The result of deploying Macrovision's solutions is a simple end user experience to discover, acquire, manage and enjoy digital content. Today, the company provides connected middleware, metadata on music, games, movies and television programming, media recognition, interactive programming guides as well as operating entertainment portals www.tvguide.com and www.allmusic.com and copyright protection. Macrovision Solutions holds over 3500 issued or pending patents and patent applications worldwide. Macrovision Solutions is headquartered in Santa Clara, California, with approximately 13 offices across the United States and around the world. More information about Macrovision Solutions can be found at www.macrovision.com.
Trademark statement
(C)Macrovision 2008. Macrovision is a registered trademark of Macrovision Solutions Corporation and its subsidiaries. All other brands and product names and trademarks are the registered property of their respective companies.
Forward Looking Statements
All statements contained herein that are not statements of historical fact, including statements that use the words "will" or "is expected to," or similar words that describe the Company's or its management's future plans, objectives, or goals, are "forward-looking statements" and are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to be materially different from the historical results and/or from any future results or outcomes expressed or implied by such forward-looking statements. Such factors are further addressed in the Company's Annual Report on Form 10-K/A for the year ended December 31, 2007 and such other documents as are filed with the Securities and Exchange Commission from time to time (available at www.sec.gov). The Company assumes no obligation to update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release, except as required by law.
SOURCE: Macrovision Corporation
Macrovision Corporation
Carolyn Newburn, 408-969-5561 (Press)
cnewburn@macrovision.com
James Budge, 408-562-8400 (Investor Relations)
Lauren Lanfield, 408-562-8475 (Investor Relations)
llanfield@macrovision.com
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