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Macrovision Invests in InterActual Technologies, Inc.,
SUNNYVALE, CA (May 18, 2000)-Macrovision Corporation (NASDAQ: MVSN), the leading provider of video, multimedia, and software copy protection and digital rights management technologies, and InterActual Technologies, Inc., the leading solutions provider for Internet-enabled DVDs, announced today Macrovision's $1.2 million participation in InterActual's Series C round of private equity financing. This latest round of financing will provide additional resources for InterActual to target adoption of its PCFriendly™ DVD software in the consumer electronics marketplace, to enhance its patented toolkits used by its MPAA motion picture studio customers, and to deploy integrated internet marketing solutions to a variety of partners in the entertainment and media communities. "We are pleased to be part of InterActual Technologies' latest round of equity financing. Our investment in InterActual complements our other investments and ongoing internal development in the fields of electronic content delivery, digital rights management and copy protection," said John Ryan, Macrovision's Chairman and CEO. "InterActual has developed a unique approach to bringing interactivity into the DVD-video arena which we believe will help expand the already rapidly growing market for DVD based entertainment programming." "We welcome Macrovision as an investor in our company," added Todd Collart, President & CEO of InterActual Technologies. "Macrovision has an excellent track record of bringing value added, enabling technologies to market which serve the needs of content owners on a worldwide basis." InterActual's PCFriendly™ DVD software has been licensed for use on hundreds of DVD titles released by major Hollywood motion picture studios. InterActual's technology enables DVD title developers to more fully enhance and integrate the interactive capabilities of DVD with the immediacy of the Internet. Thus, consumers who have installed InterActual's PCFriendly applications on their PCs in conjuction with their DVD movie-viewing experience can more easily access interactive features exclusive to computers, including movie-playback events and other web-related consumer benefits. About InterActual Technologies,
Inc. PCFriendly and InterActual are trademarks or registered trademarks of InterActual Technologies, Inc. About Macrovision 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 the Company's Annual Report on Form 10-K for 2000 as filed with the Securities and Exchange Commission. 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 is available through our Web Site at www.macrovision.com. |