Macrovision Agrees to Acquire Assets of Muze, Inc.
15 Aprile 2009 - 10:09PM
Business Wire
Macrovision Solutions Corporation (NASDAQ:MVSN), a digital
entertainment technology leader and Muze, Inc., a leader in
entertainment information products and discovery services, today
announced that they have signed a definitive agreement to acquire
substantially all of the assets of Muze, Inc.
Consumers� options are increasing as entertainment becomes
digital. They can now enjoy their movies, music or other digital
content in more ways, including numerous options online and on
portable devices. All of these choices lead to an increased need
for enhanced search and discovery capabilities to help consumers
find entertainment content that matches their personal preferences.
This process is powered by entertainment metadata.
�Macrovision believes that professional entertainment metadata
is required for our customers to provide best in class consumer
facing products,� said Fred Amoroso, President and CEO of
Macrovision. �The addition of the Muze assets will complement
Macrovision�s data solutions. It represents continued execution on
our vision of delivering solutions that power a uniquely simple
home entertainment experience.�
Macrovision�s solutions are built to enable consumers to
continuously explore digital content by allowing them to easily
navigate and find entertainment information. This requires not only
a rich library of entertainment metadata, but the detailed links
within the metadata to expose the relationships between the content
and artists, such as other albums or songs an artist may have
contributed to. To deliver this level of detail, digital
entertainment providers require a trusted data source.
�Macrovision�s metadata is core to the entertainment experience
of consumers around the world,� said John Moakley, EVP of
Macrovision�s Data Solutions Group. �We believe the addition of
Muze product and technology, including more metadata for European
content, will result in a better solution for our customers by
enhancing our overall metadata portfolio.�
�Media information is more than an enhancement to a service,
it's a necessity without which consumers would not be able to find
what they are looking for,� says Janice P. Anderson, Chairman and
CEO of Muze. �Macrovision is acquiring a unified and consistent
approach to managing entertainment metadata, enabling consumers to
more easily search and discover entertainment products.�
In connection with the acquisition, Macrovision will pay $16.5
million in cash consideration.�The transaction is expected to close
by the end of April and is subject to customary closing
conditions.�The Company expects the transaction to add
approximately $5 million to its 2009 revenue estimates and to be
slightly accretive to current 2009 Adjusted Pro Forma Earnings per
Share estimates.�As a result, the Company expects that its 2009
revenue will now range between $440 and $480 million and that its
2009 Adjusted Pro Forma Earnings per Share will continue to range
between $1.15 and $1.45. As the full synergies of the acquisition
are expected to be realized in 2010, the Company expects the
transaction to contribute approximately $15 million and $0.10 to
2010 revenue and Adjusted Pro Forma Earnings Per Share,
respectively.
About Macrovision Solutions Corporation
Macrovision Solutions Corporation is focused on providing a
uniquely simple digital home entertainment experience by delivering
solutions to businesses to protect, enhance and distribute digital
goods to consumers across multiple channels. Macrovision�s
technologies are deployed by companies in the entertainment,
consumer electronics, cable and satellite, and online distribution
markets to solve industry-specific challenges and bring greater
value and a more robust user experience to their customers. The
result of deploying Macrovision�s solutions is a simple end user
experience for discovering, managing and enjoying digital
content.�Today, Macrovision provides connected middleware, media
recognition, interactive programming guides, copy protection and
rich media, data and metadata on music, games, movies and
television programming. The company also operates an entertainment
portal which can be found at http://www.allmusic.com. Macrovision
holds over 4,000 issued or pending patents and patent applications
worldwide.
Macrovision is headquartered in Santa Clara, California, with
numerous offices across the United States and around the world
including Japan, Hong Kong, Luxembourg, and the United Kingdom.
More information about Macrovision can be found at
www.macrovision.com.
About Muze, Inc.
Established in 1991, Muze provides solutions to businesses that
enable search, discovery, sharing, and purchasing of entertainment
products. Muze media information products and discovery services
provide the foundation for making all types of entertainment
products available on-demand anywhere, anytime, and are used by
hundreds of companies worldwide�to develop audiences and customers.
Muze clients range from in-store and online retailers, portals,
community sites, and auction sites, to consumer electronics
manufacturers and mobile services providers, all of whom rely on
Muze�s rich entertainment content and digital sample services to
support both physical and digital retail commerce. Muze is based in
New York City with operations in North America and the United
Kingdom.
Forward Looking Statements
All statements contained herein that are not statements of
historical fact, including statements that use the words �will� or
�is expected to,� or similar words that describe the Company�s or
its management�s future plans, objectives, or goals, including
statements regarding expectations for future financial results, are
�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 and/or from any future results or outcomes
expressed or implied by such forward-looking statements. Such
factors are further addressed in the Company�s most recent annual
report on Form 10-K for the period ended December 31, 2008 and such
other documents as are filed with the Securities and Exchange
Commission from time to time (available at www.sec.gov). The
Company assumes no obligation to update any forward-looking
statements in order to reflect events or circumstances that may
arise after the date of this release, except as required by
law.
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