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Macrovision Makes Investment in AudioSoft International
SUNNYVALE, Calif.--(ENTERTAINMENT 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 these problems."

"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 benefit."

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 software.

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 mechanical rights.

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.

About Macrovision

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 release.

Note to Editors: Additional background information on Macrovision Corporation can be obtained from our Web Site at www.macrovision.com.


Contact:
     Macrovision Corporation, Sunnyvale
     Mark Belinsky, 408/743-8600
     [email protected]
     or
     AudioSoft USA
     Francois-Xavier Nuttall, 415/701-7690
     [email protected]
     or
     AudioSoft Europe
     Veronique Le Sayec, 41 22 306 6000
     [email protected]



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