Gemstar-TV Guide And Pioneer Sign License Agreements And Resolve Pending Litigation

Pioneer Licenses Right To Incorporate Gemstar-TV Guide's IPG For CE Products In North America, Japan, And Europe; Pioneer Licenses Gemstar-TV Guide Patents For Use In Pioneer's Digital Cable Products In North America; And All Outstanding Litigation B

3-Mar-04

Gemstar-TV Guide International, Inc. and Pioneer Electronics (USA) Inc. announced multi-year licensing agreements giving Pioneer Corporation and its subsidiaries the right to incorporate Gemstar-TV Guide's interactive program guide for consumer electronics products into digital televisions and digital recorders in North America, Japan, and Europe. The agreements announced today also include a patent license that enables Pioneer to incorporate Gemstar-TV Guide's technology into Pioneer's digital cable products in North America. Under the agreement, Pioneer will pay license fees to Gemstar-TV Guide based on the number of units sold under the licenses. All outstanding litigation between the two companies is resolved. The deal announced today includes a one-time payment of $14 million. ìIím delighted to have resolved the issues between our two companies, and look forward to working with Pioneer to make their customers' television experience more simple and enjoyable,î said Jeff Shell, CEO of Gemstar-TV Guide. ìFor Gemstar-TV Guide, this is another signal that our new approach to creating true partnerships across the consumer electronics, cable and satellite industries is working, and it is another important step in firmly establishing the Company as the premiere source of television guidance and information.î ìPioneer is pleased to put this issue behind us. Now we can devote 100 percent of our attention to providing the best technology and entertainment experience to the end users of our products,î said Paul Dempsey, President of the Business Solutions Division of Pioneer Electronics (USA) Inc. ìPioneer will continue to offer and enhance our industry-leading digital cable set-top hardware as well as our Passport Interactive Program Guide.î For more information on Pioneer Electronics, please visit www.pioneerelectronics.com. For more information on Gemstar, please visit http://www.gemstartvguide.com. 

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