SOURCE: Widevine


December 14, 2009 09:00 ET

Commercial Relationships With Consumer Electronics, Cable and Satellite Giants Lead to $15M in Growth Capital for Widevine

Samsung, Liberty Global and Another Strategic Investor Bet on Widevine to Enable Next Generation Digital Entertainment

SEATTLE, WA--(Marketwire - December 14, 2009) - Widevine®, a provider of digital entertainment solutions, today announced that Liberty Global (NASDAQ: LBTYA), Samsung Ventures, the venture capital arm of Samsung Group, and a third corporation have become strategic shareholders in the company. Widevine plays a central role in the delivery of video to Internet-connected retail consumer electronics and the "TV Everywhere" strategies of cable, satellite and telephone companies.

Widevine provides a software platform that optimizes the entertainment experience for content delivered over any network to any device. In addition, the platform includes the necessary digital rights management technology for content rights. The Widevine platform is utilized by the most popular Internet movie services and is natively supported in nearly all major brands and types of network connected consumer electronics including televisions, Blu-ray players, mobile devices, gaming systems and more.

"Widevine will use the additional capital to support and grow our customer base, broaden our product portfolio and defend our intellectual property," said Widevine CEO Brian Baker. "We are thrilled with the validation of our business, technology and markets provided by these industry leaders."

"Research is showing that Internet video is growing rapidly and will likely be one of the biggest markets of the next decade," said Ralph Schackart, digital media analyst, William Blair & Company. "The associated competitive response of MSOs to quickly enable 'TV Everywhere' is going to ensure no shortage of market opportunity for companies who can effectively penetrate both Internet video services and MSOs. The simultaneous investment of the world's largest consumer electronics manufacturer, second largest cable operator and second largest satellite provider is a tremendously compelling endorsement of Widevine in both market segments."

About Widevine

Widevine provides digital media solutions for the delivery of digital entertainment to any device. Hundreds of service providers use Widevine's multiplatform, multiformat DRM and video optimization solutions for securing high quality video and audio. Today, millions of consumers enjoy digital entertainment secured and optimized by Widevine on retail consumer electronics devices and legacy STBs from all major consumer brands. With over 55 patents Widevine is an industry leader and innovator of content protection and video optimization technologies.

Widevine is a privately held corporation headquartered in Seattle, WA, funded by Cisco Systems, Inc. (NASDAQ: CSCO), Charter Ventures, Constellation Ventures, Dai Nippon Printing Co., Ltd (DNP), Liberty Global (NASDAQ: LBTYA), PaceSetter Capital Group, Phoenix Partners, Samsung Ventures America (LSE: SMSN.GDR), TELUS (NYSE: TU), VantagePoint Venture Partners, Western Technology Investments and an unnamed corporation.

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All Rights Reserved. Widevine, Widevine Cypher, Cypher Virtual SmartCard, Cypher VOD, Cypher DCP, Cypher Broadcast, Cypher Express and Widevine Mensor are either registered trademarks or trademarks of Widevine Technologies, Inc. All other trademarks and trade names are the property of their respective owners. No express or implied warranties are provided for herein and all specifications are subject to change. The descriptions of Widevine Technologies' patents and other intellectual property herein are not intended for use in a legal proceeding to interpret or limit the scope or meaning of the patents or their claims, or indicate that a Widevine patent claim(s) are materially required to perform or implement any of the listed items.

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