WIRE)--Aug. 16, 1999-- Macrovision Corporation, known for its
video and CD-ROM software copyright protection technologies, and
AudioSoft International, a developer of secure e-music delivery
technology and copyright management royalty reporting systems,
announced today Macrovision's $1.5 million participation in
AudioSoft's $13 million third round of private equity financing.
This new round of financing will
provide additional resources for AudioSoft's development and
deployment efforts in the US, Europe and Asia.
As part of the Macrovision/AudioSoft
agreement, Macrovision will also provide strategic marketing and
technical consulting services to AudioSoft and will assist
AudioSoft in gaining adoption of its technologies and systems. As
part of the cooperative services agreement, Macrovision and
AudioSoft will work together with the objective of extending
AudioSoft's core technologies into the video domain.
"We are pleased to be part of
AudioSoft's latest round of equity financing. Our collaboration
with AudioSoft, along with our ongoing R&D work in audio
copy-protection technologies are part of the Company's strategy to
enter the audio rights management and copy-protection field,"
said John Ryan, Macrovision's Chairman and CEO. "The business
models and Intellectual Property expertise we developed in pursuit
of our video and computer software businesses are directly
transferable to the audio arena and the need for good audio
security solutions is very evident right now; the exponential
growth in illicit Internet-delivered music coupled with the
increasing popularity of standalone and PC-based CD-recording
hardware threaten the economic viability of existing audio
distribution businesses. Macrovision intends to provide
copy-protection and rights management technologies to help address
"We're extremely happy to
have Macrovision as a strategic investor and partner," added
Francois-Xavier Nuttall, President/CEO of AudioSoft.
"Macrovision's worldwide scope of operation and its 15 years'
experience developing, licensing and supporting robust,
commercially viable copy protection technologies and content
security systems will be invaluable to us as we introduce our
products and technologies on a global basis. We look forward to
working with Macrovision for a long time to come to our mutual
Macrovision is best known for its
video copy protection technologies that are used by Hollywood
studios and other rights owners worldwide to deter unauthorized
VCR copying of prerecorded videocassettes, DVDs, and digital
cable/satellite PPV programs, and for its SafeDisc software copy
protection technology which is used by Microsoft, Electronic Arts,
and other software companies worldwide to deter unauthorized
copying of CD-ROM based consumer multimedia and entertainment
With its recent acquisition of
C-Dilla, Ltd. (UK), Macrovision's product range now includes a
suite of copyright management technologies that support secure
software downloads over the Internet.
About AudioSoft International
AudioSoft International is an
e-commerce solutions company dedicated to the secure electronic
distribution of music over the Internet. AudioSoft technologies
provide the music industry with a turnkey solution to deliver
copyrighted music tracks electronically over the Internet on a
worldwide basis and to ensure that in-country music copyright
collection societies are properly compensated for performing and
This system, currently used by
French music retailer FNAC (http://www.fnac.fr)
and Spanish language portal Ole! (http://musica.ole.com)
enables secure electronic distribution, music usage tracking,
copyright declaration, accurate copyright management, transactions
monitoring and provides data mining services for music publishers,
record producers and copyright collection societies.
AudioSoft has also formed
strategic relationships with MP3.com and Nullsoft, creators of the
WinAmp MP3 player -- these relationships will enhance AudioSoft's
ability to deploy its transaction monitoring system on a
widespread basis. AudioSoft's secure distribution system is audio
player and audio compression agnostic, meaning it can be adapted
to any of the leading software players and any existing or future
audio compression technology.
The company's software products
also include Virtuosa Gold, the world's first all-in-one MP3
Player, CD Ripper and CD Burner. Endorsed by audiophiles, Web
sites and music visionary Phil Collins, Virtuosa Gold is a
user-friendly jukebox that allows music fans to download and play
audio files on their PC, record and organize tracks from their CD
collection on their PC's hard disk, and create personalized CD-R/W
mixes of their favorite songs.
Virtuosa has been downloaded more
than 2 million times since its release in late 1998. For more
information about AudioSoft and its products, contact AudioSoft at
415/701-7690 (US Headquarters in San Francisco, CA), or on
41-22-306-6000 (European Headquarters in Geneva) or visit the
AudioSoft website at www.audiosoft.com.
Macrovision Corporation develops
and markets technologies to provide intellectual property rights
management and copy protection for video and audio programs and
computer software. The Company provides its products and services
primarily to the home video, pay-per-view, cable, satellite, video
security, consumer multimedia and business software markets.
Macrovision has its headquarters in Sunnyvale, with subsidiaries
in London and Tokyo.
All statements contained herein,
as well as oral statements that may be made by the Company or by
officers, directors or employees of the Company acting on the
Company's behalf, that are not statements of historical fact,
constitute "forward-looking statements"' and are made
pursuant to the Safe-Harbor provisions of the Private Securities
Litigation Reform Act of 1995.
Such forward-looking statements
involve known and unknown risks, uncertainties and other factors
that could cause the actual results of the Company to be
materially different from the historical results or from any
future results expressed or implied by such forward-looking
statements. Such risks and uncertainties are outlined in
Macrovision's Annual Report on Form 10-KSB for 1998 and its
Quarterly Report on Form 10-Q for the quarter ended March 31,
1999, both as filed with the Securities and Exchange Commission.
These factors may not constitute all factors that could cause
actual results to differ materially from those discussed in any
forward-looking statement. The Company is not obligated to revise
or update any forward-looking statements in order to reflect
events or circumstances that may arise after the date of this
Note to Editors: Additional
background information on Macrovision Corporation can be obtained
from our Web Site at www.macrovision.com.
Macrovision Corporation, Sunnyvale
Mark Belinsky, 408/743-8600
Francois-Xavier Nuttall, 415/701-7690
Veronique Le Sayec, 41 22 306 6000