Macrovision Completes Gemstar Acquistion
By Greg Tarr -- TWICE, 5/2/2008 1:22:00 PM
Santa Clara, Calif. – Content protection specialist Macrovision said Friday it completed its acquisition of interactive program guide (IPG) resource Gemstar-TV Guide, in a deal, which was originally announced last December as being worth $2.8 billion.
Macrovision said the combination of the two companies will produce “a key enabler of the digital home entertainment experience.”
The resulting company is named Macrovision Solutions and is now focused on bringing together the key assets of the two firms, including IPGs, connected services and device connectivity.
The company said the new company will enable consumer electronics manufacturers, system operators, content providers and Web portals to bring new products to market faster.
“The digital entertainment industry is undergoing a transformation as new business and distribution models emerge to address consumer behavior,” Macrovision said in statement on the acquisition. “Macrovision believes that the result of its integrated solutions will further accelerate this market transition.”
“As the digital entertainment industry has recently evolved, we have focused our efforts on enabling our customers to respond to the demand for open, easy-to-use and integrated capabilities that deliver on the promise of the digital home,” stated Fred Amoroso, Macrovision president and CEO. “Gemstar-TV Guide adds important capabilities to our existing portfolio and roadmap for the digital entertainment market. The combination of the two organizations extends the offerings that support the entire value chain associated with providing and managing consumer and commercial content while driving the advancement of the connected home.”
