08.04.2008 13:00:00
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Gemstar-TV Guide and TiVo Enter into Patent License Agreement for International Deployments of TiVo Service
Gemstar-TV Guide (NASDAQ: GMST), a leading media, entertainment and
technology company, and TiVo Inc. (NASDAQ: TIVO), the creator of and a
leader in television services for digital video recorders (DVR), today
announced that they have entered into a new patent license agreement for
retail products and certain service provider deployments of the TiVo®
service in international markets. This agreement expands the existing
relationship between the companies, which previously included a patent
license from Gemstar–TV Guide for TiVo’s
retail distribution and service provider deployments in North America.
"We are pleased to complete this agreement
with TiVo,” said Samir Armaly, executive vice
president, licensing and intellectual property, Gemstar-TV Guide. "As
TiVo seeks to expand its business internationally, it can now operate
under a license for our international interactive program guide patent
portfolio. This agreement further underscores the value of our
intellectual property throughout the world.” "International interest in TiVo is at an all
time high as retailers and service providers globally seek to deliver
the TiVo service as a way to differentiate their video products,”
said Joshua Danovitz, vice president and general manager, International
at TiVo. "In most instances, our partners are
seeking a one-stop solution that provides the industry’s
leading personal video recorder experience without the need to acquire
separate licenses for third party intellectual property. Through this
arrangement with Gemstar-TV Guide we have made deployment of TiVo even
more seamless for our growing portfolio of international partners.”
Financial terms of the agreement were not disclosed.
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.
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
About TiVo Inc.
Founded in 1997, TiVo (NASDAQ: TIVO) pioneered a brand new category of
products with the development of the first commercially available
digital video recorder (DVR). Sold through leading consumer electronic
retailers and our website, TiVo has developed a brand which resonates
boldly with consumers as providing a superior television experience.
Through agreements with leading satellite and cable providers, TiVo also
integrates its DVR service features into the set-top boxes of mass
distributors. TiVo's DVR functionality and ease of use, with such
features as Season Pass(TM) recordings and WishList(R) searches and TiVo
KidZone, have elevated its popularity among consumers and have created a
whole new way for viewers to watch television. With a continued
investment in its patented technologies, TiVo is revolutionizing the way
consumers watch and access home entertainment. Rapidly becoming the
focal point of the digital living room, TiVo's DVR is at the center of
experiencing new forms of content on the TV, such as broadband delivered
video, music and photos. With innovative features, such as TiVoToGo(TM)
transfers and online scheduling, TiVo is expanding the notion of
consumers experiencing "TiVo, TV your way. (R)" The TiVo(R) service is
also at the forefront of providing innovative marketing solutions for
the television industry, including a unique platform for advertisers and
audience research measurement.
TiVo, 'TiVo, TV your way.', Season Pass, WishList, TiVoToGo,
Stop||Watch, and the TiVo Logo are trademarks or registered trademarks
of TiVo Inc. or its subsidiaries worldwide. (C) 2008 TiVo Inc. All
rights reserved. All other trademarks are the property of their
respective owners.
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; the pending acquisition of the Company by
Macrovision Corporation and events and circumstances related thereto;
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 This release contains certain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. These
statements relate to, among other things, the future availability and
deployment of the TiVo service internationally. Forward-looking
statements generally can be identified by the use of forward-looking
terminology such as, "believe,” "expect,” "may,” "will,” "intend,” "estimate,” "continue,”
or similar expressions or the negative of those terms or expressions.
Such statements involve risks and uncertainties, which could cause
actual results to vary materially from those expressed in or indicated
by the forward-looking statements. Factors that may cause actual results
to differ materially include delays in development, competitive service
offerings and lack of market acceptance, as well as the other potential
factors described under "Risk Factors”
in the Company’s public reports filed with
the Securities and Exchange Commission, including the Company’s
Annual Report on Form 10-K for the fiscal year ended January 31, 2007,
Quarterly Reports on Form 10-Q for the three months ended April 30,
2007, July 31, 2007, and October 31, 2007, and Current Reports on Form
8-K. The Company cautions you not to place undue reliance on
forward-looking statements, which reflect an analysis only and speak
only as of the date hereof. TiVo disclaims any obligation to update
these forward-looking statements.
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