Gemstar-TV Guide and Sony Corporation Sign Multi-Year IPG License Agreement
LOS ANGELES--(BUSINESS WIRE)--Dec. 16, 2003--Gemstar-TV Guide International (NASDAQ: GMST) and Sony Corporation have signed a multi-year licensing agreement allowing Sony to incorporate Gemstar-TV Guide's interactive program guide (IPG) for the consumer electronics arena into certain Sony digital products in Japan. Under the agreement, the licensed products include digital recording devices and televisions.
Gemstar-TV Guide's IPG for consumer electronics is marketed as G-Guide in Japan. Sony has previously incorporated G-Guide into several products in Japan, including the world's first Blu-ray Disc recorder, Sony's BDZ-S77. Under the new agreement with Gemstar-TV Guide, Sony plans to expand its incorporation of G-Guide into PSX, a new-generation HDD+DVD recorder.
"Sony is known for its commitment to quality and innovation, and we are very pleased to be working with them on their latest consumer electronics products. Our agreement is further affirmation of the value of Gemstar-TV Guide's IPG product, brand and intellectual property," said Jeff Shell, Gemstar-TV Guide's CEO.
Gemstar-TV Guide adds Sony to a growing list of licensees for its consumer electronics guide, including Matsushita (Panasonic), Philips, Thomson (makers of the RCA, GE and Scenium brands), Sharp, Samsung, Zenith, JVC, and Mitsubishi.
G-Guide is an IPG that is designed specifically for consumer electronics products, including televisions, personal video recorders and recordable DVDs. G-Guide offers viewers fast, powerful and convenient interactive program listings, enhancing viewers' television experience through simple navigation of channels. Its patented technology delivers full coverage of up-to-date listings with no special connectivity requirements and at no cost to the consumer.
About Gemstar-TV Guide International, Inc.
Gemstar-TV Guide International, Inc., is a leading media and technology company that develops, licenses, markets and distributes technologies, products and services targeted at the television guidance and home entertainment needs of consumers worldwide. The Company's businesses include: television media and publishing properties; interactive program guide services and products; and technology and intellectual property licensing. Additional information about the Company can be found at www.gemstartvguide.com.
Except for historical information contained herein, the matters discussed in this news release contain forward-looking statements that involve risks and uncertainties, including risks and uncertainties related to the Company's transition to a new management and corporate governance structure; an ongoing SEC investigation and pending litigation; the timely availability and acceptance of new products; the impact of competitive products and pricing; and the other risks detailed from time to time in the Company's SEC reports, including the most recent reports on Forms 10-K, 8-K and 10-Q, 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 affiliates. The names of other companies and products used herein are for identification purposes only and may be trademarks of their respective owners.