Business Services Industry
Macrovision Announces Technology Acquisition from ThoughtWorthy Media - a Transaction Previously Entered into and Executed by Gemstar-TV Guide International, Inc
Business Wire, June 13, 2008
SANTA CLARA, Calif. -- Macrovision Solutions (NASDAQ:MVSN) announced today the acquisition of certain website and technology assets from ThoughtWorthy Media ("ThoughtWorthy"), a transaction that was previously entered into and executed by Gemstar-TV Guide International, Inc. in January 2008. ThoughtWorthy's technology platform allows TV viewers to identify, research, and purchase online the music, products and advertising they view on television. Macrovision plans to make use of the data across its platforms including online and mobile.
"ThoughtWorthy's technology adds another exciting dimension to our metadata offerings," said Paul Greenberg, executive vice president and general manager of TV Guide Online at Macrovision. "By enabling TV fans to go to TVGuide.com and obtain comprehensive data and purchase the music they hear on their favorite TV Shows, we are building on our vision to bring consumers a more enjoyable, fulfilling digital home entertainment experience."
"TVGuide.com is a preeminent source for entertainment news and information and we are very pleased that the ThoughtWorthy Media website is now a part of it," said Daniel P. Swartz, founder & CEO, ThoughtWorthy Media. "We look forward to working with Macrovision to integrate our technology into its network of online properties."
"After years developing our metadata platform, we are very excited both for our team and on behalf of the TV fans that will now have online access to what captured their attention on TV," said Kevin A. McGrail, president & CTO, ThoughtWorthy Media.
The financial terms of the transaction were not disclosed, but were not material to the financial operations of Gemstar prior to its acquisition by Macrovision.
About Macrovision Solutions Corporation
Macrovision Solutions enables the digital home entertainment experience by allowing businesses to protect, enhance and distribute digital goods to consumers across multiple channels. The Macrovision Solutions technologies are deployed by companies in the entertainment, consumer electronics, cable and satellite, and online distribution markets to solve industry-specific challenges and bring greater value to their customers. The result of deploying Macrovision's solutions is a simple end user experience to discover, acquire, manage and enjoy digital content. Today, the company provides connected middleware, metadata on music, games, movies and television programming, media recognition, interactive programming guides as well as operating entertainment portals http://www.tvguide.com/ and http://www.allmusic.com/ and copyright protection. Macrovision Solutions holds over 3500 issued or pending patents and patent applications worldwide. Macrovision Solutions is headquartered in Santa Clara, California, with approximately 13 offices across the United States and around the world. More information about Macrovision Solutions can be found at http://www.macrovision.com/.
Trademark statement
(c)Macrovision 2008. Macrovision is a registered trademark of Macrovision Solutions Corporation. All other brands and product names and trademarks are the registered property of their respective companies.
Forward Looking Statements
All statements contained herein that are not statements of historical fact, including statements that use the words "will" or "is expected to," or similar words that describe the Company's or its management's future plans, objectives, or goals, are "forward-looking statements" and are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to be materially different from the historical results and/or from any future results or outcomes expressed or implied by such forward-looking statements. Such factors are further addressed in the Company's most recent quarterly report on Form 10-Q for the period ended March 31, 2008 and such other documents as are filed with the Securities and Exchange Commission from time to time (available at www.sec.gov). The Company assumes no obligation to update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release, except as required by law.
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