Gemstar-TV Guide International, Inc. (NASDAQ: GMST), a
leading media, entertainment and technology company, has signed a
multi-year licensing agreement with Samsung Electronics Co., Ltd.,
which provides Samsung rights to incorporate VCR Plus+(R) and
Gemstar-TV Guide's Consumer Electronic interactive program guide (IPG)
into its portfolio of digital televisions, digital recording devices
and VCRs. This agreement renews Samsung's previous agreement to deploy
VCR Plus+(R) worldwide, and modifies Samsung's existing agreement to
deploy Gemstar-TV Guide's CE IPG in North America.
"We continue to see growth in the market demand for our technology and intellectual property around the world," said Mike McKee, president, IPGs for Gemstar-TV Guide. "In addition to giving Samsung the ability to enhance their customers' viewing experience through the use of our technology, this multi-year agreement also broadens our existing relationship with Samsung, further expanding the reach of our brand, our technology and our Intellectual Property."
The agreement also extends the relationship between Gemstar-TV Guide and Samsung in Europe, providing Samsung with rights to deploy Gemstar-TV Guide's CE IPG and GUIDE Plus+ in Europe. The agreement also includes a patent license in Europe, which allows Samsung to deploy certain non-Gemstar-TV Guide IPGs in the retail and service provider markets in Europe. Samsung joins the growing list of consumer electronic companies, including Sony, Pioneer and Panasonic who have taken a license under Gemstar-TV Guide's IPG patents for Europe.
Gemstar-TV Guide's IPG is built directly into consumer electronics products, offering consumers the industry's most advanced television program guide, with no additional subscription fee or phone connection required. Gemstar-TV Guide's patented technology delivers continually updated program listings to users, and the IPG works by simply plugging in the television or recording device and activating the guide through an easy set-up process.
About Gemstar-TV Guide
Gemstar-TV Guide International, Inc. (the "Company") (NASDAQ: GMST) is a leading media, entertainment 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.
This news release contains forward-looking statements that involve risks and uncertainties, including risks and uncertainties related to the transformation of our TV Guide magazine publishing business; timely availability and market acceptance of products and services incorporating the Company's technologies and content; our investment in new and existing businesses, including TV Guide magazine, TV Guide Spot and TV Guide Mobile; the impact of competitive products, services and pricing; ongoing and potential future litigation; 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.
Note to Editors: Gemstar, TV Guide, TV Guide Spot and TV Guide Mobile 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.
"We continue to see growth in the market demand for our technology and intellectual property around the world," said Mike McKee, president, IPGs for Gemstar-TV Guide. "In addition to giving Samsung the ability to enhance their customers' viewing experience through the use of our technology, this multi-year agreement also broadens our existing relationship with Samsung, further expanding the reach of our brand, our technology and our Intellectual Property."
The agreement also extends the relationship between Gemstar-TV Guide and Samsung in Europe, providing Samsung with rights to deploy Gemstar-TV Guide's CE IPG and GUIDE Plus+ in Europe. The agreement also includes a patent license in Europe, which allows Samsung to deploy certain non-Gemstar-TV Guide IPGs in the retail and service provider markets in Europe. Samsung joins the growing list of consumer electronic companies, including Sony, Pioneer and Panasonic who have taken a license under Gemstar-TV Guide's IPG patents for Europe.
Gemstar-TV Guide's IPG is built directly into consumer electronics products, offering consumers the industry's most advanced television program guide, with no additional subscription fee or phone connection required. Gemstar-TV Guide's patented technology delivers continually updated program listings to users, and the IPG works by simply plugging in the television or recording device and activating the guide through an easy set-up process.
About Gemstar-TV Guide
Gemstar-TV Guide International, Inc. (the "Company") (NASDAQ: GMST) is a leading media, entertainment 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.
This news release contains forward-looking statements that involve risks and uncertainties, including risks and uncertainties related to the transformation of our TV Guide magazine publishing business; timely availability and market acceptance of products and services incorporating the Company's technologies and content; our investment in new and existing businesses, including TV Guide magazine, TV Guide Spot and TV Guide Mobile; the impact of competitive products, services and pricing; ongoing and potential future litigation; 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.
Note to Editors: Gemstar, TV Guide, TV Guide Spot and TV Guide Mobile 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.
© 2006 Business Wire
