|By PR Newswire||
|July 17, 2009 06:30 AM EDT||
NOVATO, Calif. and MOUNTAIN VIEW, Calif., July 17 /PRNewswire-FirstCall/ -- Sonic Solutions((R)) (Nasdaq: SNIC) and Verismo Networks today announced a collaboration to enable consumers in India to instantly stream premium video entertainment. Verismo will begin offering video entertainment from Roxio CinemaNow((R)) as part of its VuNow Internet TV platform, which is available for a broad range of original equipment manufacturers, as well as service providers, and is currently being deployed by ACT Television as part of its IPTV services into 100,000 homes in Bangalore, India.
"Teaming with Sonic enables us to expand and enhance our already rich line up of instantly accessible digital entertainment that includes linear TV channels as well as a range of Web-based content," said Prakash Bhalerao, CEO of Verismo Networks. "With the addition of on-demand premium entertainment from Roxio CinemaNow, our platform becomes a next-generation cable box capable of delivering the broad assortment of content that consumers crave."
Verismo's Internet TV platform is an end-to-end solution consisting of a compact size set-top box, middleware and video-on-demand server. The unified solution combines IPTV with over-the-top Internet video to enable TV viewing of linear TV channels as well as web-based content.
"Our partnership with Verismo allows us to introduce consumers in India to the convenience, instant gratification and flexibility of digital entertainment from Roxio CinemaNow," said Mark Ely, executive vice president of strategy, Sonic Solutions. "This latest agreement, along with our previously announced partnership with Zip.ca in Canada, is part of our broader strategy to make anytime, anywhere access to high-quality entertainment a reality for more consumers in more regions."
Sonic has relationships with more than 250 content providers and a content portfolio that includes entertainment from all major Hollywood studios and independent distributors. Roxio CinemaNow offers a massive selection of premium video entertainment for rental or purchase, including new releases from major Hollywood studios often on the same day the DVD is available in stores. CinemaNow's cloud-based media services power devices from multiple manufacturers, forming a connected ecosystem which consumers can use to seamlessly choose, move and view video entertainment.
The CinemaNow ecosystem currently includes PCs, connected TVs, set-top DVRs, Blu-ray Disc and mobile media players from leading manufacturers such as Archos, Dell, HP, LG, Microsoft, Nintendo, Pioneer, Samsung and TiVo. As well as being available on a range of consumer electronics, Roxio CinemaNow is currently powering internet movie stores for Lionsgate, Warner Bros. and Blockbuster, and is instantly accessible through Bestbuy.com.
About Verismo Networks
Verismo's VuNow platform transforms the TV set into a powerful multi-media hub with an unbelievable level of choice and ease in accessing digital entertainment. You've never seen your television like this before. The privately-held company is based in Mountain View, California with offices in Bangalore, India. For more information, please visit www.verismonetworks.com.
About Sonic Solutions
Sonic Solutions((R)) (NASDAQ: SNIC) is powering the digital media ecosystem through its complete range of Hollywood to Home(TM) applications, services, and technologies. Sonic's Roxio((R)) products enable consumers to easily manage and enjoy personal digital media content as well as premium Hollywood entertainment on a broad range of connected devices. A wide array of leading technology firms, professionals, and developers rely on Sonic to bring innovative digital media functionality to next-generation devices and platforms. Sonic Solutions is headquartered in Marin County, California.
Forward Looking Statements
This release may contain forward looking statements that are based upon current expectations, including the launch, distribution, and market acceptance of the Roxio CinemaNow service. Actual results could differ materially from those projected in the forward looking statements as a result of various risks and uncertainties, including those discussed in Sonic Solutions' annual and quarterly reports on file with the Securities and Exchange Commission. This press release should be read in conjunction with Sonic Solutions' most recent annual report on Form 10-K, Form 10-Q and other reports on file with the Securities and Exchange Commission, which contain a more detailed discussion of the Company's business including risks and uncertainties that may affect future results. Sonic Solutions does not undertake to update any forward looking statements.
Sonic, the Sonic logo, Sonic Solutions, Roxio, CinemaNow, and Hollywood to Home, are trademarks or registered trademarks owned by Sonic Solutions in the United States and/or other countries. All other company or product names are trademarks of their respective owners and, in some cases, are used by Sonic Solutions under license. Specifications, pricing and delivery schedules are subject to change without notice.
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