Business Services Industry
Gemstar-TV Guide Signs Patent License Agreement with Verizon for Program Guides for Its FiOS TV Service
Business Wire, May 2, 2007
Agreement is Company's First with a Telco Video Provider
LOS ANGELES -- Gemstar-TV Guide International, Inc. (NASDAQ: GMST), a leading media, entertainment and technology company, has signed a patent license agreement with Verizon. The agreement includes patent license rights for Verizon in support of interactive program guides (IPGs) and other related technology. Additionally, the two companies agreed to collaborate on a solution that will enable FiOS TV customers to remotely schedule recordings on FiOS DVRs using TV Guide listings.
Rich Battista, chief executive officer of Gemstar-TV Guide said, "We are pleased to have this patent license agreement in place with Verizon, our first with a telco video provider. Following recent agreements with British Sky Broadcasting in the United Kingdom and with Yahoo!, this new Verizon deal signifies the continued and growing value of our intellectual property in new markets and platforms."
Specific terms of the agreement were not disclosed.
Verizon FiOS TV Service, which includes 100 percent digital and a wide range of on-demand programming, is delivered through the nation's most advanced fiber optic network straight to customers' homes.
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 and TV Guide 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.
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