Business Services Industry

Gemstar-TV Guide and Time Warner Cable Sign Long-Term IPG License Agreement

Business Wire, Oct 7, 2003

Business Editors

LOS ANGELES--(BUSINESS WIRE)--Oct. 7, 2003

Gemstar-TV Guide International, Inc. (NASDAQ: GMST)

Time Warner Cable to License Gemstar-TV Guide Intellectual

Property and Highlight TV Guide Brand and Content in its IPGs

Gemstar-TV Guide International, Inc. (NASDAQ: GMST) and Time Warner Cable today announced a long-term licensing and distribution agreement for Time Warner Cable to utilize Gemstar-TV Guide's intellectual property and technology as well as TV Guide brand and content on interactive program guides ("IPGs") throughout its digital subscriber base. Providing Time Warner Cable with unprecedented flexibility, the agreement not only offers Time Warner Cable the ability to deploy Gemstar-TV Guide's interactive program guide, but also includes a patent license which allows Time Warner Cable to use Gemstar-TV Guide intellectual property and technology in its own IPGs or in alternative IPG products supplied to it by its vendors. The deal creates a strong basis for the companies to work together to offer Time Warner Cable customers the most innovative, customizable solutions in television guidance and entertainment.

"I believe that this agreement with Time Warner Cable represents a crucial step for us in our quest to become the leader in television guidance across all platforms," said Jeff Shell, CEO of Gemstar-TV Guide. "This alliance not only reaffirms the value of our IPG intellectual property and technology, but, more importantly, it also allows TV Guide to further expand its position as the authority in television guidance from the print world to the electronic world. Together with Time Warner Cable, we can make it easier and more enjoyable for their subscribers to choose what to watch among an exploding number of programming choices."

As part of the agreement, Time Warner Cable will have the option of providing its systems with a customized version of TV Guide Interactive, Gemstar-TV Guide's industry-leading IPG. Alternatively, Time Warner Cable will incorporate TV Guide branded elements and content into its own proprietary guide or into guides provided to them by third party vendors. Included in the content provided by TV Guide will be TV Guide On-Demand, a dedicated service that will provide viewers with a rich array of program information, previews, reviews and recommendations. Utilizing TV Guide's vast library of programming, TV Guide On-Demand will leverage the exclusive behind-the-scenes access and distinctive point of view that have made TV Guide television's most trusted brand for more than 50 years.

TV Guide and Time Warner Cable will work together to explore developing and deploying IPG advertising that capitalizes on the power of the IPG medium without negatively impacting the viewer experience.

About Gemstar-TV Guide International, Inc.

Gemstar-TV Guide International, Inc., is a leading media and technology company that develops, licenses, markets and distributes technologies, products and services targeted at the television guidance and home entertainment needs of consumers worldwide. The Company's businesses include: television media and publishing properties; interactive program guide services and products; and technology and intellectual property licensing. Additional information about the Company can be found at www.gemstartvguide.com.

Except for historical information contained herein, the matters discussed in this news release contain forward-looking statements that involve risks and uncertainties, including risks and uncertainties related to the Company's transition to a new management and corporate governance structure; an ongoing SEC investigation and pending litigation; the timely availability and acceptance of new products; the impact of competitive products and pricing; and the other risks detailed from time to time in the Company's SEC reports, including the most recent reports on Forms 10-K, 8-K and 10-Q, 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, and TV Guide Interactive are trademarks or registered trademarks of Gemstar-TV Guide International, Inc. and/or its affiliates. The names of other companies and products used herein are for identification purposes only and may be trademarks of their respective owners.

COPYRIGHT 2003 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning
 

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