Los Angeles, CA–Gemstar-TV Guide International and Pioneer Electronics (USA) Inc. have inked multi-year licensing agreements giving Pioneer and its subsidiaries the right to incorporate Gemstar-TV Guide’s interactive program guide into digital televisions and recorders in North America, Japan and Europe.
The agreements 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.
“I’m 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,” said Jeff Shell, CEO of Gemstar-TV Guide. “For 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.”
For more information, visit www.gemstartvguide.com.