Macrovision Completes Initial Public Offering Of 2,350,000 Shares of Common Stock

Business Wire, March 13, 1997

SUNNYVALE, Calif.--(BUSINESS WIRE)--March 13, 1997--Macrovision Corporation today announced its initial public offering of 2,350,000 shares of Common Stock at a price of $9.00 per share. Of the total, 1,434,016 shares were sold by the Company and 915,984 shares were sold by existing stockholders. The Company has approximately 6,762,200 shares outstanding after the offering. The Common Stock is traded on the NASDAQ National Market under the symbol "MVSN."

The offering was managed by Montgomery Securities, Hambrecht & Quist LLC and Cowen & Company.

The Company intends to use the net proceeds of the offering for general corporate purposes, including working capital.

Macrovision designs, develops and markets video security technologies and products that provides copy protection and video scrambling for motion pictures and other proprietary video materials that are stored on videocassettes, DVDs or other media or are transmitted by means of cable, satellite or microwave transmission.

A copy of the prospectus relating to the offering may be obtained from Montgomery Securities, 600 Montgomery Street, San Francisco, CA 94111, 415/627-2000; Hambrecht & Quist LLC, One Bush Street, San Francisco, CA 94104, 415/576-3300; or from Cowen & Company, 4 Embarcadero Center, San Francisco, CA 94111, 415/646-7200.

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Note to Editors: This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

CONTACT: Macrovision Corporation

John O. Ryan

William A. Krepick

Victor A. Viegas, 408/743-8600