You will be redirected back to your article in seconds

Macrovision profits up 65% in 2nd qtr.

Acquisition expected to help company access new technologies

Macrovision Corp. on Monday said its second quarter profits rose 65% to $2.2 million, over $1.3 million a year ago, while revenues were up to $8 million, a gain of 42% for the period. The results were driven by its acquisition of C-Dilla Ltd. and the signing of Microsoft and gamemaker Electronic Arts as clients of its copyright protection software.

During the period, ended June 30, the Sunnyvale, Calif.-based company acquired the remaining outstanding shares in C-Dilla for $12.3 million in cash and 109,200 shares of Macrovision stock. Including the $3.6 million Macrovision paid for its initial stake in C-Dilla in 1998, total acquisition is valued at $21.5 million.

The acquisition is expected to give the company access to new technologies to help protect audio, software and data distributed via the Internet.

“We’re very pleased with our second quarter results,” said Bill Krepick, Macrovision’s prexy and chief operating officer. “The homevideo industry continued on a high note for the company with increased levels of revenue from all three product groups, videocassette, DVD and digital PPV.”

Separately, Vic Viegas, the company’s chief financial officer, said he will resign Aug. 1 to join an Internet start-up company.

Macrovision was up $1.44 to close at $76.06, a gain of 2%.

More Biz

  • Harvey Weinstein ousted

    Weinstein Co. Adds Board Member to Navigate Bankruptcy Sale

    Macrovision Corp. on Monday said its second quarter profits rose 65% to $2.2 million, over $1.3 million a year ago, while revenues were up to $8 million, a gain of 42% for the period. The results were driven by its acquisition of C-Dilla Ltd. and the signing of Microsoft and gamemaker Electronic Arts as clients […]

  • Allison Mack

    'Smallville' Actress Allison Mack Arrested in Sex Cult Case

    Macrovision Corp. on Monday said its second quarter profits rose 65% to $2.2 million, over $1.3 million a year ago, while revenues were up to $8 million, a gain of 42% for the period. The results were driven by its acquisition of C-Dilla Ltd. and the signing of Microsoft and gamemaker Electronic Arts as clients […]

  • Harvey Weinstein

    Harvey Weinstein Still Seeking His Emails to Combat Sexual Assault Claims

    Macrovision Corp. on Monday said its second quarter profits rose 65% to $2.2 million, over $1.3 million a year ago, while revenues were up to $8 million, a gain of 42% for the period. The results were driven by its acquisition of C-Dilla Ltd. and the signing of Microsoft and gamemaker Electronic Arts as clients […]

  • ynon-kreiz

    Media Exec Ynon Kreiz Named CEO of Mattel

    Macrovision Corp. on Monday said its second quarter profits rose 65% to $2.2 million, over $1.3 million a year ago, while revenues were up to $8 million, a gain of 42% for the period. The results were driven by its acquisition of C-Dilla Ltd. and the signing of Microsoft and gamemaker Electronic Arts as clients […]

  • courtney braun

    Courtney Braun Named Head of Legal Affairs for Endeavor

    Macrovision Corp. on Monday said its second quarter profits rose 65% to $2.2 million, over $1.3 million a year ago, while revenues were up to $8 million, a gain of 42% for the period. The results were driven by its acquisition of C-Dilla Ltd. and the signing of Microsoft and gamemaker Electronic Arts as clients […]

  • Randall Stephenson

    AT&T-Time Warner Trial: Randall Stephenson Takes Stand and Defends Merger

    Macrovision Corp. on Monday said its second quarter profits rose 65% to $2.2 million, over $1.3 million a year ago, while revenues were up to $8 million, a gain of 42% for the period. The results were driven by its acquisition of C-Dilla Ltd. and the signing of Microsoft and gamemaker Electronic Arts as clients […]

More From Our Brands

Access exclusive content