Macrovision Q4 Earnings Up25 Feb, 2008 By: Chris Tribbey
Santa Clara, Calif.-based Macrovision Corp. announced fourth-quarter earnings (ended Dec. 31) of $27.7 million, up from $22.6 million during the same period in 2006. Revenue was $78.7 million in the fourth quarter for the technology company, up from $74.1 million during the same period in 2006.
Macrovision also said it had sold its casual gaming division, Trymedia, to RealMedia for $4 million.
“We continue to be excited and confident about our strategy of providing solutions to enable the shift to digital entertainment,” said Macrovision CEO and President Fred Amoroso. “Our recent investments in this area, including the acquisitions of All Media Guide Holdings Inc. and the BD-Plus technology, together with the pending acquisition of Gemstar-TV Guide, will all help expand our opportunity. In addition, the now pending sales of our Software and Games businesses will improve our focus on those areas that are most critical to our success.”