Business Services Industry
Macrovision Announces Licensing Agreement with Leading Set Top Box Manufacturer
Business Wire, Nov 26, 2007
Company Grants License to integrate Macrovision's Connected Platform into next generation Digital Set Top Boxes
SANTA CLARA, Calif. -- Macrovision Corporation (NASDAQ:MVSN) today announced a license agreement with a leading set top box manufacturer which provides the licensee rights to utilize Macrovision's Connected Platform within its digital set top boxes in the North America cable market. The agreement is intended to advance the development of next-generation set-top boxes that allow consumers to access, share and manage digital content within their homes.
The growing volume of high-quality personal digital content available within the home, as well as on the Internet, has driven greater demand for networked entertainment devices. Digital set top boxes are now common in many homes in the United States and, in many cases, are becoming the hub of the family entertainment experience. Currently, most consumers are limited to accessing premium linear and on demand content on their set top box and storing and viewing personal digital media content, such as photos, on a personal computer. However, system operators and manufacturers are quickly adopting technologies to bridge the gap between the PC and cable set-top boxes.
Macrovision's Connected Platform enables hardware providers to create cutting-edge wired and wireless digital home products that allow users to discover, browse, search and enjoy personal content and connect between silos of digital entertainment.
"Cable operators are increasingly demanding networked set top boxes that can enable the next-generation of digital home entertainment experience," said Fred Amoroso, President and CEO of Macrovision. "We are pleased that key CE manufacturers are embracing our Connected Platform and look forward to participating in their success."
Macrovision's Connected Platform offers a comprehensive and flexible solution for the development of consumer entertainment products with the capability to acquire streamed music, photos and video from PCs and networked storage devices.
About Macrovision
Macrovision provides a broad set of solutions that enable businesses to protect, enhance and distribute their digital goods to consumers across multiple channels. Macrovision solutions are deployed by companies in the entertainment, consumer electronics, gaming, software, information publishing and corporate IT markets to solve industry-specific challenges and bring greater value to their customers. Macrovision holds approximately 270 issued or pending United States patents and more than 1,200 issued or pending international patents, and continues to increase its patent portfolio with new and innovative technologies in related fields. Macrovision is headquartered in Santa Clara, California, U.S.A. with other offices across the United States and around the world. More information about Macrovision can be found at http://www.macrovision.com/.
> This press release contains "forward-looking" statements as that term is defined in the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding the development of next-generation set-top boxes platform and success of such offerings. A number of factors could cause actual results to differ from anticipated results expressed in such forward-looking statements. Such factors are further addressed in Macrovision's Annual Report on Form 10-K for the period ended December 31, 2006, its latest Quarterly Report on Form 10-Q for the period ended September 30, 2007 and other securities filings which are on file with the Securities and Exchange Commission (available at www.sec.gov). Macrovision assumes no obligation to update any forward-looking statements except as required by law.- 5 Rules for Immediate Annuities
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