Digital entertainment technology leader, Macrovision announced it reached an agreement for the sale of its TV Guide Network property to Allen Shapiro & One Equity Partners. This $255+ million transaction is expected to close before April 1, 2009. 
The 19th most distributed network, TV Guide Network is available in 83 million homes and with over 15 million monthly is one of the fastest-growing online entertainment destinations unique visitors. Macrovision retains the key strategic on-line elements currently utilized through this site, namely its B2B grid syndications business, whereby the company licenses its online guide to other portals, and functionality that enhances its embedded guidance product offering, such as integration from embedded guides with online or mobile guides that allow for remote record.
Macrovision’s solution portfolio, which includes industry-leading IPGs and program metadata, associated patent portfolio, music and video metadata, media recognition, as well as networking and security technologies, position the company firmly at the center of the shift to digital entertainment. Macrovision continues to invest in and develop new guide technologies that ultimately enhance the consumers total entertainment experience, including new offerings for CE device makers, system operators, service providers and content providers of virtually all forms of entertainment.
After removing the TV Guide Online business from the estimates and adjusting for lower than expected sale proceeds, Macrovision's 2009 revenue is now expected to range between $435 million and $475 million and adjusted pro forma earnings per share is expected to range between $1.15 and $1.45.
For more information regarding this recent news, click here.
Macrovision’s solution portfolio, which includes industry-leading IPGs and program metadata, associated patent portfolio, music and video metadata, media recognition, as well as networking and security technologies, position the company firmly at the center of the shift to digital entertainment. Macrovision continues to invest in and develop new guide technologies that ultimately enhance the consumers total entertainment experience, including new offerings for CE device makers, system operators, service providers and content providers of virtually all forms of entertainment.
After removing the TV Guide Online business from the estimates and adjusting for lower than expected sale proceeds, Macrovision's 2009 revenue is now expected to range between $435 million and $475 million and adjusted pro forma earnings per share is expected to range between $1.15 and $1.45.
For more information regarding this recent news, click here.
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