GEMSTAR VIDEO PLUS CO UK TV
TV Guidefocused on MSO deals with the likes of Cablevision Systems Corp., Comcast Corp. Gemstar's success has been in consumer electronics -licensing "VCR-Plus" technology for televisions, VCRs and set-tops.
Yet it had minimalIPG market share compared with TV Guide Interactive's 2.4 million cable homes. Gemstar's stock has risen dramatically in the past fewmonths over hype about IPG potential as cable rolls out digital boxes. Boylan will become co-president and co-chief operating officer, andTV Guide chairman and CEO Joachim Kiener will be the other co-president and co-COO.īoylan will run the cable IPG unit, while Kiener will runTV Guide Entertainment. Yuen remains chairman and CEO of what will be called TVGuide International. and Liberty MediaGroup - each own 44 percent equity, and they will collectively own 45 percent of the newcompany. TV Guide's primary shareholders - News Corp. TV Guide shareholders will get 0.6573 shares of Gemstar foreach TV Guide share. The merger proposal came a little more than one year afterUVSG agreed to buy TV Guide in a stock transaction valued at about $2.5 billion.
We built an advertising-sales organization that does$250 million a year in advertising sales." Henry is in the consumer-electronicsbusiness, where we have no presence. "Themore time we spent together, the more we recognized that the opportunity was there to dothings that couldn't be done independently. TV Guide president Peter Boylan said that in the past, hiscompany did not feel that it needed a relationship with Gemstar - primarily after its $2billion offer to buy Gemstar last year was rebuffed.
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