|SUNNYVALE, Calif.--(ENTERTAINMENT WIRE)--Dec. 13, 1999-- Macrovision Corporation and Buena Vista Home Entertainment announced today that they have signed a worldwide copy protection technology agreement through 2004. Buena Vista will continue to apply the Macrovision anticopy process to its videocassettes and DVDs during the next five years. This agreement means that Buena Vista titles, including Disney, Touchstone, Hollywood, Miramax, Dimension, ESPN, and ABC labels will continue to be protected against casual VCR copying.
"Our license with Macrovision represents Buena Vista's continued effort and strong commitment to protect both our products and our retail partners in this business from piracy and illegal copying," stated Mitch Koch, General Manager, Buena Vista Home Entertainment in North America. Adding to Mr. Koch's remarks, Greg Probert, Executive Vice President, Buena Vista Home Entertainment Worldwide, stated, "Buena Vista has always believed in building assets through the ownership of intellectual rights. Macrovision provides an important protection to insure the preservation of our home entertainment assets."
"Retailers carrying Buena Vista titles will continue to profit from the deterrence of unauthorized casual copying," said Carol Flaherty, Vice President of Macrovision's Video Copy Protection group. "Reduced copying leads to greater potential sales and profits for retailers who rent and sell copy protected videocassettes and DVDs."
Since its first commercial usage in 1985, over 2.5 billion videocassettes and over 95 million DVDs have been encoded with the Macrovision anticopy process worldwide.
Macrovision Corporation develops and markets content copy protection and rights management technologies and products to prevent the illicit duplication, reception or use of 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 application software markets. Macrovision has its headquarters in Sunnyvale, California 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 June 30, 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.