Gemstar - TV Guide International

Gemstar-TV Guide International, Inc., which owned TV Guide magazine, was acquired by Macrovision Corporation in April 2008 for $2.8 billion in cash and stock. Macrovision is a Santa Clara, California-based digital software solutions firm.

In October 2008, Macrovision announced the sale of TV Guide magazine to Beverly Hills, California-based investment firm OpenGate Capital. Terms of the deal were not disclosed. The deal did not include the TV Guide web site, which Macrovision will continue to operate.

Rich Battista was the CEO of Gemstar-TV Guide prior to the sale to Macrovision. Gemstar developed, marketed and licensed proprietary technologies and systems. The company had three segments: Publishing, Cable & Satellite, and Consumer Electronics Licensing.

The Publishing unit included print and electronic publications such as TV Guide magazine and TV Guide Online. The Publishing unit also included a data collection business that distributed program and channel listings. The Cable and Satellite unit provided products and services to the cable and satellite industry like the TV Guide Channel and TV Guide Interactive. And Consumer Electronics Licensing licensed its technology to interactive television and program listings providers. In 2004, company revenue was $714 million.

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