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Time Warner Becomes a Strategic Investor in ContentGuard
ContentGuard, provider of Digital Rights Management (DRM) technology, today announced that Time Warner Inc. (NYSE:TWX) has become a strategic investor, joining existing long-term strategic investor Microsoft Corp. (NASDAQ: MSFT), which has increased its investment. Time Warner, Microsoft and ContentGuard purchased substantially all of the ownership held by Xerox Corporation (NYSE: XRX), which was the source of ContentGuard’s original technology. Xerox will retain a small equity interest in the company.
Working in equal collaboration, Time Warner and Microsoft expect to closely work with ContentGuard to further develop ContentGuard’s rich portfolio of intellectual property and promote continued development and innovation in the areas of digital distribution and DRM
“This is a significant milestone, not only for ContentGuard but for the digital content distribution market in general,” said Michael Miron, CEO of ContentGuard. “Together with Microsoft’s, Time Warner’s input into our company’s direction will accelerate the pace of development for the new standards and technologies that we champion. This is vital to the market’s ability to act on the potential of digital content and give more choice and value to customers.”
“Today’s announcement marks an important step in our work on DRM, as well as in our collaboration with Microsoft on this key initiative,” said Ron Grant, senior vice president at Time Warner. “With its portfolio of fundamental technologies, ContentGuard is helping to create standards for use in DRM solutions. Together with ContentGuard and Microsoft, among other partners, we will continue to work toward the day when we can successfully protect content and offer consumers exciting new digital media products and services.”
“ContentGuard’s strong technology portfolio will play an important role in enabling the use of DRM solutions that make sense for producers and consumers of digital content,” said Marshall Phelps, deputy general counsel and vice president of intellectual property for Microsoft. “We are pleased to reaffirm our commitment to ContentGuard, and we welcome Time Warner’s collaboration in this effort.” 07.04.2004, ContentGuard, Inc.
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