26.07.2005 09:00:00
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Macrovision(R) to Acquire Trymedia(R) Systems; New Macrovision Business Unit will Focus Exclusively on Games
Macrovision also announced plans to launch a new business unitthat offers a complete, end-to-end solution for game publishers tosecure, distribute, promote and continuously renew their video games.The new business unit provides value-added services to casual and coregame publishers designed to maximize the value of a game title.Retailers, portals, Internet Service Providers (ISPs), and CableSystem Operators (MSOs) can offer the world's largest catalog of morethan 1200 legitimate downloadable games to their consumer audiences.
Macrovision agreed to acquire Trymedia and its worldwideoperations for $34 million in a cash transaction, which the partiesexpect to close by July 29, 2005. Upon closing of the transaction,Trymedia will become part of Macrovision's new games business unit.Macrovision will continue to provide support for all of Trymedia'sproducts and distribution services. Macrovision will discuss theTrymedia acquisition in more detail during the Company's secondquarter 2005 earnings investor & analyst conference call scheduled forAugust 1, 2005 beginning at 5:00 p.m. ET.
"This acquisition, along with the formation of our new businessunit, underscores Macrovision's strategic focus to efficiently enableour customers to distribute their games both on and offline," statedFred Amoroso, president and CEO of Macrovision. "Consumers today wantto be able to get their game content when they want it, where theywant it and that requires a distribution system that enables thatflexibility securely, while also protecting the content from massiveunauthorized usage."
"This union brings together two leaders in their respective areasand validates the need for an online distribution offering as a partof any complete game value management solution," said Alex Torrubia,CEO and co-founder of Trymedia Systems. "Together, our currentcustomer base includes the top 10 PC game publishers, the leadingcasual game producers and a network of over 300 distribution partnersworldwide. The combination of Macrovision and Trymedia creates thepremier solution to deliver significant revenue-generating value toour customers."
Upon closing of the acquisition, Trymedia will become part ofMacrovision's new games business unit. Macrovision will continue toprovide support for all of Trymedia's products and distributionservices. For more information on the acquisition and a list of FAQ's,please visit the Macrovision website at www.macrovision.com/trymedia.
Key Benefits of Acquisition:
The combined solution of both companies will help game publishers,developers, and retailers maximize the value of their game contentthroughout its lifecycle and substantially expand Macrovision'savailable market within the games sector. In addition, Macrovisionbelieves that the acquisition will:
-- Provide game publishers with a single solution for securely distributing their game content both on and offline;
-- Provide game developers and publishers with a seamless solution for opening up new revenue-generating channels, reducing time-to-market and implementation costs;
-- Provide online retailers, including ISPs, Cable MSOs and portals, with a comprehensive catalog of game titles, support for multiple business models including purchase, subscription and advertising, and the online merchandising tools required to drive traffic and customers, thereby creating new revenue opportunities; and
-- Establish Macrovision as the leader in game value management solutions by leveraging solution components such as the industry standard installation manager, InstallShield(R), alongside top game security and distribution services.
About Trymedia Systems
Trymedia Systems is a provider of secure digital distributionservices and the operator of the world's largest distribution networkfor downloadable games. Trymedia's ActiveMARK(R) technology providestop casual and core game publishers, alongside internationallyrecognized portals with DRM, ecommerce and distribution services tomaximize their PC game sales. The company's game distribution networkconnects hundreds of publishers and Internet sites with millions ofconsumers worldwide, offering ActiveMARK-protected games for consumersto legitimately download, purchase, subscribe to and share. An IntelDigital Home Fund company, Trymedia is headquartered in San Franciscowith offices in Europe.
About Macrovision
Macrovision develops and markets content protection, digitalrights management and electronic license management solutions for thevideo, music, games and software industries. Macrovision'stechnologies are embedded in over 9 billion DVD, VHS and CD unitsrepresenting over $130 billion of protected entertainment content. Inthe software market, Macrovision licenses software developers theFLEXnet(TM) universal licensing platform and the InstallShield(R) andZero G(TM) suite of software installation, repackaging and updatesolutions, which are deployed on more than 500 million desktopsworldwide. Over 50,000 software publishers and virtually all of theFortune 1000 companies use Macrovision's technologies to maximize thevalue of their software. Macrovision is headquartered in Santa Clara,California and has offices worldwide. More information aboutMacrovision can be found at www.macrovision.com.
(C) Macrovision 2005. Macrovision, Trymedia, ActiveMARK, FLEXnet,InstallShield and Zero G are registered trademarks or trademarks ofMacrovision Corporation. All other brands and product names andtrademarks are the registered property of their respective companies.
This press release contains "forward-looking" statements as thatterm is defined in the Private Securities Litigation Reform Act of1995, including the quotations attributed to Messrs. Amoroso andTorrubia regarding the expected benefits and synergies of thetransactions. These forward-looking statements include statementsregarding the completion and financial effects of the expectedacquisition of Trymedia, the business strategies and product plans,the key benefits of the acquisition, the features and expectations ofthe products and new business unit, and the cooperative efforts to beundertaken by both companies. A number of factors could causeMacrovision's actual results to differ from anticipated resultsexpressed in such forward-looking statements, including thepossibility that the transaction cannot be completed; the ability ofMacrovision to integrate the operations and administration of thecompanies effectively and efficiently; the ability of the companies toachieve operational and other business synergies; the risks associatedwith the integration of geographically dispersed operations; theeffect of the acquisition on the suppliers, customers and otherbusiness partners of the companies; and the costs associated withintegration; and the timely development and market acceptance of newand updated products. Other factors are addressed in Macrovision'sreports that are filed from time to time with the Securities andExchange Commission (available at www.sec.gov), including but notlimited to the Annual Report on Form 10-K for the year ended December31, 2004 and the latest Quarterly Report on Form 10-Q for the periodended March 31, 2005. Macrovision assumes no obligation to update anyforward-looking statements.
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