Gemstar-TV Guide International, Inc. Announces Long-Term IPG Agreement with Matsushita for Japan Market.

Business Editors & Entertainment Writers

PASADENA, Calif.--(BUSINESS WIRE)--Dec. 14, 2001

Matsushita Announces Launch of Television with Gemstar IPG in Japan

Gemstar-TV Guide International, Inc. (NASDAQ:GMST) ("Gemstar-TV Guide" or the "Company") announced today that it has entered into a long-term license agreement with Matsushita Electric Industrial Co., Ltd, best known for its Panasonic brand, under which Matsushita will incorporate Gemstar-TV Guide's G-GUIDE(R) Gold system, the latest Gemstar interactive program guide ("IPG") technology in its television-related product lineups.

Yesterday, Matsushita and Gemstar Multimedia Japan, a wholly-owned subsidiary of Gemstar-TV Guide, jointly announced that the first Matsushita product incorporating the G-GUIDE Gold system in Japan, a 36" BS-Digital High-Vision television with built-in hard-disk recorder, will be available in retail stores on December 20, 2001. Additional Matsushita products incorporating G-GUIDE Gold are expected to be launched in the near future.

Gemstar-TV Guide will support G-GUIDE Gold by broadcasting its data ("Gemstar Data") in both the vertical blanking interval of the television signals of the Tokyo Broadcast System (TBS) broadcast network, one of Japan's top four national broadcast networks, and on Megaport, a leading provider of digital data services. In each case, Gemstar Data will reach virtually 100% of Japanese households.

Gemstar-TV Guide has entered into a joint-venture partnership with Dentsu, Inc., the largest advertising agency and media buying company in Japan, and Tokyo News, the leading supplier of television program listing data and the publisher of TV Guide magazine in Japan. The joint-venture, named IPG, Inc., will be responsible for generating recurring revenues based on the advertising, and eventually, transactional capabilities of G-GUIDE Gold.

"I am extremely pleased with Matsushita's announcement yesterday, meeting our mutually agreed-upon challenge to launch its first G-GUIDE Gold product in 2001," said Henry Yuen, chief executive officer of Gemstar-TV Guide. "We look forward to a long and mutually beneficial relationship with Matsushita and all of our partners in Japan."

About Matsushita Electric

Matsushita Electric Industrial Co., Ltd., best known for its Panasonic, National, Technics and Quasar brand names, is a worldwide leader in the development and manufacture of electronics products for a wide range of consumer, business, and industrial needs. Based in Osaka, Japan, the company recorded consolidated sales of US$61.45 billion for the fiscal year ended March 31, 2001. In addition to the Tokyo and other Japanese stock exchanges, Matsushita's shares are also listed on the Amsterdam, Dusseldorf, Frankfurt, New York, Pacific (NYSE/PCX:MC), and Paris stock exchanges. For more information, visit the Matsushita Web site at http://www.panasonic.co.jp/global/top.html.

About Gemstar-TV Guide International, Inc.

Gemstar-TV Guide International, Inc., is a leading global technology and media company focused on consumer entertainment. The Company has three major business sectors: the Technology and Licensing Sector, which is responsible for developing, licensing and protecting the Company's intellectual property and technology; the Company's technology includes the VCR Plus+(R) system, interactive program guide ("IPG") products and services marketed under the GUIDE Plus+(R) and TV Guide Interactive(SM) brands and the electronic book ("Gemstar eBook(TM)"); the Interactive Platform Sector, which derives recurring income from advertising, interactive services, content sales and e-commerce on the Company's proprietary platforms, including IPG, tvguide.com, eBook, and skymall.com; and the Media and Services Sector, which operates the TV Guide(R) magazines, TV Guide Channel(SM), TVG Network(SM), and other television media properties, provides programming and data services, sells merchandise through the SkyMall(TM) catalog and operates a media sales group that services all of the Company's media properties.

The IPG products are integrated into various devices, including televisions, VCRs and set-top boxes (cable, satellite, telco, Internet) and can display a multi-day television program guide on the television screen from which the consumer can view, select, tune to or record programs. The Gemstar eBook is a reading device that can store tens of thousand of pages, and permits a user to purchase and receive instant delivery of any book, magazine or newspaper over a standard telephone line.

The Company's media properties reach over 100 million U.S. homes, and its products and services are available in over 60 countries worldwide.

The Company's services, technology and intellectual property are licensed to major technology, media and communication companies in the consumer electronics, Internet, personal computer, satellite, cable television and telco industries. Licensees and customers include Adelphia, AOL Time Warner, AT&T, Cablevision, Charter, Comcast, Cox, Matsushita, Microsoft, Mitsubishi, Motorola, Philips, Shaw, Sony, Thomson Multimedia, Zenith and others. The Company has more than 180 issued U.S. patents in the general area of audio-visual technologies with over 4,600 claims, nearly 200 issued foreign patents, and continues to actively pursue a worldwide intellectual property program and currently has roughly 300 U.S. and 800 foreign patent applications pending.

Except for historical information contained here, the matters discussed in this news release contain forward-looking statements that involve risks and uncertainties, including the timely availability and acceptance of new products and services; the impact of competitive products and pricing; the management of growth; and the other risks detailed from time to time in the company's SEC reports, including the most recent reports on Form 10-K, 8-K, and 10-Q, each as it may be amended from time to time. The forward-looking statements included in this release are made only as of the date of this release and the company undertakes no obligation to update the forward-looking statements to reflect subsequent events or circumstances.

Note to Editors: Gemstar, TV Guide, G-GUIDE, G-GUIDE Gold, Gemstar eBook, GUIDE Plus+, TV Guide Interactive, VCR Plus+, PlusCode, TVG Network, SkyMall and skymall.com are trademarks of Gemstar-TV Guide International, Inc. Other product names used herein are for identification purposes only and may be trademarks of their respective companies.