Interim DVD CCA Board Passes Selection of Video Watermarking Standard to Expanded Board.Business & Entertainment Editors/High-Tech Writers SANTA CLARA, Calif.--(ENTERTAINMENT WIRE)--Aug. 2, 2002 Macrovision Corporation (Nasdaq:MVSN MVSN Milizia Volontaria per la Sicurezza Nazionale (Italy) ) announced that the Company has been informed that no agreement was reached by August 1st, as previously anticipated, by the interim Board of Directors of the DVD Copy Control Association The DVD Copy Control Association (DVD CCA) is an organization primarily responsible for the copy prevention of DVDs. The Content Scramble System (CSS) was devised for this purpose to make copyright infringement difficult. (DVD CCA) on a watermarking technology selection. It is Macrovision's understanding that the DVD CCA Board of Directors has now expanded from the interim six members to its permanent eleven members. Macrovision is one of the seven companies, including Digimarc, Hitachi, Macrovision, NEC (NEC Corporation, Tokyo, www.nec.com, www.necus.com) An electronics conglomerate known in the U.S. for its monitors. In Japan, it had the lion's share of the PC market until the late 1990s (see PC 98). NEC was founded in Tokyo in 1899 as Nippon Electric Company, Ltd. , Philips, Pioneer, and Sony, making up the VWM VWM Visual Working Memory VWM Vineyard and Winery Management (magazine) VWM Leukoencephalopathy with Vanishing White Matter VWM Valley West Mall VWM Virtual Warehouse Manager VWM Vesa Wall Mount VWM Virtual Window Manager Companies and serves as the VWM Companies' licensing agent for the entirety of the VWM watermarking solution. The VWM Companies submitted a bid in response to the DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. CCA's RFP (Request For Proposal) A document that invites a vendor to submit a bid for hardware, software and/or services. It may provide a general or very detailed specification of the system. 1. (business) RFP - Request for Proposal. 2. for Watermarking Technology in November 2001. Macrovision was informed by the DVD CCA that it still considers the VWM Companies' proposal to be valid for one year from the date of submission and is still eligible for consideration by the DVD Copy Control Association. Bill Krepick, Macrovision president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , expressed disappointment with the failure of the interim Board to make a decision. Mr. Krepick said, "the VWM companies worked very hard over the past nine months to respond to the DVD CCA request for proposal and to support them in their extensive evaluation and analysis. I thought that we had addressed all the questions that the interim DVD CCA Board had with the VWM Companies' original bid to the satisfaction of most of the interim DVD CCA's Board members. I believe that the VWM Companies' proposal fully met the requirements for a watermarking technology as expressed in the DVD Copy Control Association's Instructions to Bidders. In spite of this further delay, the VWM Companies are committed to provide additional assistance to the expanded Board to help them understand the advantages of the VWM solution as they complete the task of selecting a watermarking technology." Additional details regarding the DVD CCA evaluation and selection process and the composition of its new Board of Directors may be obtained from the DVD CCA website at www.dvdcca.org. About Macrovision Macrovision (www.macrovision.com) develops and markets copy protection, rights management and electronic license management technologies for the home video, consumer interactive software, enterprise software and music markets. Macrovision has its corporate headquarters in Santa Clara, California Santa Clara, California (IPA: /ˌsæntəˈklærə/) , founded in 1777 and incorporated in 1852, is a city in Santa Clara County, in the U.S. state of California. , with European headquarters in London and Asia-Pacific headquarters in Tokyo. This press release may contain "forward-looking" statements as that term is defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. A number of factors could cause Macrovision's actual results to differ from anticipated results expressed in such forward-looking statements. Such factors are addressed in Macrovision's filings with the Securities and Exchange Commission (available at http://www.sec.gov). Macrovision assumes no obligation to update any forward-looking statements. |
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