|SUNNYVALE, Calif.--(ENTERTAINMENT WIRE)--Jan. 13, 2000-- Macrovision Corporation, known for its video and CD-ROM software copyright protection technologies, announced today the completion of Macrovision's $4 million equity investment in TTR Technologies, Inc., representing an 11.4% equity interest on a fully diluted basis.
TTR is a developer of optical media-based copy protection technologies for the software and music industries. Macrovision's investment in TTR is part of the two companies' joint efforts to develop and market a copy protection system that will inhibit back-to-back unauthorized copying of Music CDs using dual-deck CD recorder systems and personal computer based CD-Recordable drives.
The two companies have agreed to pool their respective technologies and related patents for Music CD and DVD Audio copy protection. Macrovision will be responsible for licensing the technology to music rights owners on a worldwide exclusive basis. The two companies intend to work cooperatively with encoder manufacturers and CD replicators to implement the manufacturing and quality control systems necessary to commercialize the jointly developed Music CD copy protection technology.
An additional aspect of the agreement grants Macrovision an exclusive license to TTR's CD and DVD signature technology and related encoder modules that are used to embed signatures during the replication process. Digital signatures are a critical element of both Macrovision's and TTR's computer software copy protection systems.
Macrovision intends to use this technology to enhance its existing software copy protection technologies which it currently markets under the SafeDisc and SafeCast brands. TTR and Macrovision intend to work cooperatively to transition existing software customers of TTR's DiscGuard(TM) technology to Macrovision's SafeDisc(TM) or SafeCast(TM) technologies early in the year 2000.
"We're pleased to have become an investor in TTR and look forward to working with TTR as our music copy protection partner," stated John Ryan, chairman and CEO of Macrovision.
"We look forward to working closely with Macrovision to develop a best of breed copy protection technology for the music industry," added Marc Tokayer, chairman and CEO of TTR. "CD-Recorders which retail for less than $150 and which are capable of copying Music CDs onto blank CD-R discs costing less than $1.00 create the need for effective copy protection solutions."
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 pay-per-view 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.
Macrovision has also introduced its SafeCast suite of copyright management technologies that supports secure software downloads over the Internet.
TTR Technologies, Inc., a leader in digital anti-piracy technology, designs, markets, and sells proprietary anti-piracy products. TTR has developed and commercialized products for the software and entertainment industries and is in the process of broadening its product range through in-house development and joint ventures.
Macrovision Corporation develops and markets technologies to prevent the illicit duplication, reception or use of video and audio programs and computer software. Macrovision provides its products and services primarily to the home video, consumer multimedia software, pay-per-view, cable, satellite, and video security 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 Macrovision or by officers, directors or employees of the company acting on the company's behalf, that are not statements of historical fact, including statements that use the words "expects" or "intends" or similar words that describe Macrovision's or management's future plans, objectives, or goals, are "forward-looking statements" and are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward- looking statements include statements regarding the financial effects of the investment in TTR, the business strategies and product plans of both companies and the cooperative efforts to be undertaken by both companies.
Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause Macrovision's actual results 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 include those outlined in Macrovision's Registration Statements on Forms SB2-2 and S-3 and in its reports on Form 10Q and Form 10KSB. Macrovision 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 http://www.macrovision.com. Information on TTR can be obtained from http://www.ttrtech.com.
DiscGuard is a trademark of TTR Technologies. SafeDisc and SafeCast are trademarks of Macrovision Corporation.