SANTA CLARA, Calif., March 9, 2010 (GLOBE NEWSWIRE) -- Rovi Corporation (Nasdaq:ROVI) announced today a new music data offering that combines music metadata from its AMG and Muze services, creating a superset of data from both acquisitions. The new database, Rovi Music, is a single data source that provides multiple forms of data to support variety of devices and services across online services, service providers, and consumer electronic platforms, such as websites, social networking sites, mobile, PC and embedded applications. Rovi Music streamlines the delivery process for integrating high quality, consistent information to inform and influence consumers as they discover and experience music.
According to the "Global entertainment and media outlook: 2009-2013" report published on June 16, 2009 by PricewaterhouseCoopers, digital music distribution is estimated to increase from $7.6B in 2008 to $14.8B in 2013; Internet distribution is expected to comprise $8.8B; and mobile phone distribution is expected to reach $6B by 2013. Rovi Music is a flexible and scalable offering that enables businesses to capitalize on this opportunity by using metadata to market and increase sales and consumption of content.
"The worlds of Internet services and consumer devices are converging into one and consumers do not want to have to manage both separately," said Corey Ferengul, EVP of product management and marketing for Rovi Corporation. "In this multi-screen world, companies need to have all of their products and services work cohesively to create an enjoyable environment for consumers to search, discover and acquire content. Rovi Music is the foundation for building consistency across their entire ecosystem."
In addition to in-depth editorial data, Rovi Music provides short-form content elements, like headlines and product descriptions, optimized for CE, portable and mobile device types and applications. The Rovi Music database now holds more than 1.8 million pop and classical music albums and 16 million tracks, which is critical in today's song-driven environment. Rovi's music data is used in many online websites and consumer electronics devices to deliver a comprehensive music experience. This experience is enhanced by Rovi's extensive relational links, enabling deep discovery and navigation and providing a personalized music experience.
Rovi Music is a part of the Rovi Data Solutions offering, a vast database of information on CDs, songs, DVDs, Blu-ray Discs, cover art, games, books, reviews, celebrity biographies, TV shows, sports and awards information, rich media and more.
About Rovi Corporation
Rovi Corporation is focused on revolutionizing the digital entertainment landscape by delivering solutions that enable consumers to intuitively connect to new entertainment from many sources and locations. The company also provides extensive entertainment discovery solutions for television, movies, music and photos to its customers in the consumer electronics, cable and satellite, entertainment and online distribution markets. These solutions, complemented by industry leading entertainment data, create the connections between people and technology, and enable them to discover and manage entertainment in an enjoyable form.
Rovi holds over 4,400 issued or pending patents worldwide and is headquartered in Santa Clara, California, with numerous offices across the United States and around the world including Japan, Hong Kong, Luxembourg, and the United Kingdom. More information about Rovi can be found at www.rovicorp.com.
The Rovi Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6482
Forward Looking Statements
All statements contained herein that are not statements of historical fact, including statements that use the words "will" or "is expected to," or similar words that describe the Company's or its management's future plans, objectives, or goals, are "forward-looking statements" and are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to be materially different from the historical results and/or from any future results or outcomes expressed or implied by such forward-looking statements. Such factors are further addressed in the Company's most recent report on Form 10-K for the period ended December 31, 2009 and such other documents as are filed with the Securities and Exchange Commission from time to time (available at www.sec.gov). The Company assumes no obligation to update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release, except as required by law.