Macrovision Solutions Corporation (NASDAQ: MVSN) announced today that it has extended its multi-year Interactive Program Guidelicense agreement with Sony Corporation for the European marketto allow Sony to use Macrovision’s IPG patentsina new product line.
Macrovision Solutions Corporation (NASDAQ: MVSN) announced today second quarter 2008 revenues of $103.6 million, compared to $23.4 million for the second quarter of 2007. Second quarter 2008 net income was $85.9 million compared to net income of $2.5 million for the second quarter of 2007. Diluted earnings per share for the quarter were $1.00, compared to $0.05 for the second quarter of 2007. The Company's results for the second quarter of 2008 include the results of Gemstar–TV Guide International, Inc. ("Gemstar") from May 2, 2008, the day the Company completed the acquisition of Gemstar, to the end of the quarter.
Macrovision Solutions Corporation (NASDAQ: MVSN) announced today that it has entered into a patent license agreement with LG Electronics Inc. (LG) for the European market. The multi-year agreement includes a patent license allowing LG to incorporate interactive program guides (IPGs) in televisions and digital recorders distributed throughout Europe. LG is a global leader and technology innovator in consumer electronics.
It is getting faster and easier for consumer electronics (CE) manufacturers to create devices that can find, store and play digital media in the home. Macrovision® Solutions Corporation (NASDAQ: MVSN) today launched the latest version of its Connected Platform, a comprehensive solution for discovering, managing and enjoying digital media on a variety of connected CE devices. With this solution, CE manufacturers can enable full support for Digital Living Network Alliance (DLNA) Interoperability Guidelines version 1.5, enabling them to easily implement the latest industry standards in consumer devices such as set-top boxes (STB) and digital televisions.
Macrovision® Solutions Corporation (NASDAQ: MVSN) today announced that it has signed a new, multi-year licensing agreement with Hitachi, Ltd.for Japan. Hitachihas extended itscurrent license to incorporate Macrovision’s G-GUIDE Interactive Program Guide (IPG) technologyinto Hitachi’s digital televisions and digital video recording devices in Japan.
Macrovision Solutions Corporation (NASDAQ: MVSN) today announced that it has signed a license agreement with Yahoo! Japan Corporation, the country’s largest web portal. Under the terms of the agreement, Yahoo! Japanwill deploy a syndicated version of G-GUIDE®, Macrovision’s interactive program guide (IPG) service in Japan, through Yahoo! TV.
Syndicated Product Enables Any Website to Add Customized Video Search and Feeds
TV Guide Online, part of Macrovision Solutions (NASDAQ: MVSN), announced today the launch of its Online Video Guide widget, which enables partners and consumers to add customized video search and continuously-updated video feeds to any website. The syndicated widget is an extension of TVGuide.com’s Online Video Guide (video.tvguide.com), a video search engine that allows users to discover and watch the latest TV, music, celebrity and news videos.
Online Video Guide and User Engagement are Key Drivers of Fast-Growing, Innovative Online Entertainment Destination
TV Guide Online, part of Macrovision Solutions (NASDAQ: MVSN), today announced record growth in May, fueled by new products, expanded editorial coverage, and a flexible syndication platform. The division’s flagship site, TVGuide.com, in the past year has become one of the fastest-growing, most innovative entertainment destinations online, with more than 12.1 million monthly unique visitors in May (a 58 percent annual increase), including 640,000 monthly unique users of its Online Video Guide (a 205 percent annual increase). The site’s category-leading engagement metrics (over 9 minutes per person, 4.6 sessions per person and 14 web pages per person) continue to expand the relationships with the site’s core advertisers and attract new sponsorships in a broader set of categories.
Macrovision Corporation (NASDAQ: MVSND)and tvCompass, a provider of digital media solutions for the broadband home, today announced they have entered into a patent license agreement supporting tvCompass's Wi-Fi handheld devices and its click365(SM) wireless content network. The multi-year agreement includes a license under Macrovision®'s interactive program guide (IPG) patent portfolio and also allows tvCompass's click365 content network to integrate Macrovision's TV listing data and provide tvCompass with the ability to use the popular TV Guide brand on its IPG application.
Macrovision Corporation (NASDAQ: MVSND) and leading independent cable operator Sunflower Broadband today announced the planned deployment of a set-top box clickstream measurement solution for its TV Guide Interactive®i-Guide™, one of the cable industry's most widely-deployed interactive programming guides (IPG). The collaboration marks the first planned clickstream deployment for Macrovision®and Sunflower Broadband™ to collect valuable IPG usage data that can be used to make consumers’ television experience more enjoyable.
Macrovision Solutions Corporation (NASDAQ: MVSND) announced today first quarter 2008 revenues from continuing operations of $32.2 million, compared to $36.6 million from continuing operations for the first quarter of 2007. US GAAP income from continuing operations, net of tax was $7.3 million compared to $7.6 million for the first quarter of 2007. Diluted GAAP earnings per share from continuing operations, net of tax for the quarter were $0.13, compared to $0.14 for the first quarter of 2007.
Combined Organization to Lead the Next Evolution in Digital Home Entertainment Services
Macrovision Corporation (NASDAQ: MVSN) today announced that it has completed its acquisition of Gemstar-TV Guide (NASDAQ: GMST), 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.
Gemstar-TV Guide International, Inc. Stockholders Also Approve Transaction - Macrovision Announces Arrangement of $650 Million Debt Financing
Macrovision Corporation (NASDAQ: MVSN) (the “Company”) today announced that at its special meeting of stockholders held earlier today, its stockholders approved the share issuance to complete the proposed acquisition of Gemstar-TV Guide (NASDAQ: GMST). Gemstar-TV Guide stockholders also approved of the sale of Gemstar-TV Guide to Macrovision at a special meeting held earlier today.
Macrovision Corporation (NASDAQ: MVSN), which is currently in the process of acquiring Gemstar-TV Guide International, Inc., today announced preliminary pro forma combined results for the first quarter 2008. On a pro forma combined company basis, as if the Gemstar-TV Guide acquisition were consummated January 1, 2008, Macrovision expects revenue to fall within a range of $150 million and $154 million. Pro forma results exclude Macrovision’s recently sold software and games businesses and Gemstar-TV Guide’s publishing business, each of which is treated as discontinued operations in the pro forma combined results. Macrovision did not previously provide first quarter revenue estimates as a stand-alone company or on a pro forma combined company basis with Gemstar-TV Guide.
Macrovision® Corporation (NASDAQ: MVSN) today announced it has completed the divesture of its Software Business Unit to Thoma Bravo, LLC in a cash transaction valued at approximately $200 million. The divestiture results in the formation of a standalone company named Acresso Software. The transaction includes all products and associated support and services from within the Software Business Unit (notably the FLEXnet and InstallShield product lines). The divestiture of Macrovision's Games business has also been completed.
Macrovision® Corporation (NASDAQ: MVSN) has been named a promoter member of the Digital Living Network Alliance (DLNA), an organization of more than 250 companies that share a vision of an interoperable network of consumer electronic devices, including personal computers, mobile devices, set top boxes and automobiles. As a promoter member, Macrovision joins top consumer electronics, semiconductor and content companies dedicated to leading the advancement of guidelines and interoperability for a consumer digital lifestyle.
Macrovision Corporation (NASDAQ: MVSN) announced today fourth quarter 2007 revenues from continuing operations of $45.2 million, compared to $36.6 million from continuing operations for the fourth quarter of 2006. US GAAP net income was $9.2 million compared to $16.6 million for the fourth quarter of 2006. Diluted GAAP earnings per share for the quarter were $0.17, compared to $0.31 for the fourth quarter of 2006. Additionally, the Company signed an agreement to sell its Games business. As a result of the previously-announced agreement to sell the Company’s Software business and the agreement to sell the Games business, the Company has classified the results of operations for the Software and Games businesses as discontinued operations for all periods presented in accordance with US GAAP.
Thoma Cressey Bravo and Macrovision Corporation (NASDAQ: MVSN) today announced that an affiliate of TCB has entered into a definitive agreement with Macrovision Corporation to acquire Macrovision’s Software Business Unit in a cash transaction valued at approximately $200 million. The transaction is subject to customary conditions to closing, including review under the Hart-Scott-Rodino Antitrust Improvements Act, and is expected to close on or before April 1, 2008. The completion of the transaction is not subject to Macrovision stockholder approval.
Samsung Electronics to Use the Macrovision Connected Platform
For consumers and device enthusiasts looking for the next device for their digital home, Samsung Electronics Co., Ltd. and Macrovision® Corporation (NASDAQ: MVSN) are bringing together their technologies to create next-generation set-top boxes with the capability of downloading, finding and managing digital content seamlessly throughout the home. Macrovision’s announcement in November 2007 of a licensing agreement with a leading set-top-box manufacturer inaugurated the relationship between the two companies.
Macrovision Corporation (NASDAQ: MVSN) and Gemstar-TV Guide International, Inc. (NASDAQ: GMST) today announced that the Federal Trade Commission and the Department of Justice granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act relating to the proposed merger between Macrovision and Gemstar-TV Guide. The proposed merger remains subject to other customary closing conditions, including the approval of certain matters by Macrovision and Gemstar-TV Guide stockholders. Early termination of the waiting period ends the U.S. government’s antitrust review of the transaction.
Consumers to Have Easy Access to High-Quality Videos on More Devices
Macrovision® Corporation (NASDAQ: MVSN) and CinemaNow (www.cinemanow.com), a digital entertainment innovator delivering high-quality Hollywood movies and TV shows across multiple platforms, today announced that the two companies have integrated their technologies to enable consumers to acquire premium video content and download it directly from CinemaNow to a Macrovision-enabled consumer electronics devices such as digital television sets (DTV), set-top boxes (STB), and network attached storage (NAS) devices.
