LONDON--(BUSINESS WIRE)--Dec. 7, 1998--Macrovision UK Ltd., a subsidiary of Macrovision Corporation (Nasdaq:MVSN), announced today the signing of its first licensing agreement in Chile. Video Chile S.A. will apply Macrovision's videocassette copy protection process to 100 percent of its rental,
Pedro Lizama Amestica, director of Video Chile, commented, "Unauthorized back-to-back copying is a real threat to the Chilean video industry. We believe that our customers deserve to view only the highest quality original videocassettes. Therefore, we are very pleased to become the first company in Chile to use Macrovision's copy protection process. We are of the opinion that in doing so we will ensure the continued successful growth of the Chilean home video market. The first title that we will apply the Macrovision process to is Armageddon."
"I am delighted to see that Chile can now benefit from Macrovision's copy protection technology. Video Chile has taken an important step to help ensure that the content of the videocassettes they manufacture and distribute is not exploited," said Angelina Santoliquido, director of international sales and marketing at Macrovision.
Since its first commercial usage in 1985, over 2 billion videocassettes have been encoded with the Macrovision copy protection technology worldwide. The technology, available in 36 countries, is used by every major Hollywood studio, and by over 1,500 corporate, educational, and special interest rights owners.
About Video Chile
Video Chile became established in 1986 as a video duplicator and distributor. Today the company is the largest professional duplicator in Chile, accounting for up to 80 percent of the total Chilean home video market. Video Chile duplicates and distributes videocassette product for Buena Vista, Warner, MGM, Paramount, Universal, DreamWorks, Turner and Discovery Channel.
About Macrovision UK Limited and Macrovision Corporation
Macrovision UK Limited is a subsidiary of Macrovision Corporation which develops and markets technologies 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, consumer multimedia software, pay-per-view, cable, satellite, and video security 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 including the intention of a customer to use the Company's products in the future 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 Registration statement on Form S-3 and in its reports on Form 10QSB and Form 10KSB. 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 http://www.macrovision.com.
Macrovision is a registered trademark of Macrovision Corporation