Funai Electric Selects Sonic for Digital Entertainment Delivery
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Roxio CinemaNow to Power Instant Movie Access on New Connected TVs and BD Players from One of the World's Leading Electronics Manufacturers NOVATO, Calif., Oct. 15 /PRNewswire-FirstCall/ -- Sonic Solutions® (Nasdaq: SNIC) today announced it will provide access to its Roxio CinemaNow(TM) movie service across a range of soon-to-be-released connected TVs and Blu-ray Disc Players by major Japanese consumer electronics manufacturer Funai Electric Co., Ltd. As part of a worldwide agreement, Sonic's Roxio CinemaNow will enable digital delivery of a vast library of entertainment* to the living room on an assortment of Sylvania, Philips, Magnavox, and Emerson-branded HDTVs and Blu-ray Disc (BD) players, which are all manufactured by Funai. "We are in the midst of a major shift in consumers' home entertainment viewing behavior," said Dave Habiger, president and CEO, Sonic Solutions. "Our collaboration with Funai, one of the world's leading makers of consumer electronics, will help further fuel this transition by delivering convenient, digital access to premium entertainment on new range of affordable, high quality digital home appliances." Roxio CinemaNow's powerful digital supply chain is helping provide seamless access to content on Funai-connected home entertainment devices. Behind the scenes, industry-standard digital rights management, along with encoding and adaptive delivery technologies, enable the secure, device-optimized playback of premium entertainment, while at the same time providing a convenient and hassle-free entertainment viewing experience for the consumer. "Our relationship with Sonic is an important step we are taking to address the emerging market demand for direct access to Internet movie downloads from connected devices," said Hideaki Funakoshi, General Manager of DVD Division, AV Management HQ of Funai Electric Co., Ltd. "We view the inclusion of Roxio CinemaNow technology powering convenient access to high-quality entertainment as an important driver for consumer adoption of our next-generation devices." Roxio CinemaNow offers a massive selection of premium video entertainment for rental or purchase. CinemaNow's cloud-based media services power devices from multiple manufacturers, forming a connected ecosystem that 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. About Funai Electric Co. Funai Electric Co., Ltd. was established in 1961 in Osaka, Japan. Funai Electric Co., Ltd. in Japan is engaged in the development, manufacture, marketing and distribution of information and communication equipment such as Internet Access Terminal, Computer peripherals, Audio-visual devices, Video, Television, TeleVideos, DVD Players, Home electrical appliances. Funai integrates audio-visual and communication techniques to create innovative products in the area of multimedia computing such as "Home Information Equipment" and "Personal Information Terminals". About Sonic Solutions Sonic Solutions® (NASDAQ: SNIC) is powering the digital media ecosystem through its complete range of Hollywood to Home(TM) applications, services, and technologies. Sonic's Roxio® products enable consumers to easily manage and enjoy personal digital media content and, through Roxio CinemaNow(TM), access 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 market acceptance and success of the alliance between Funai Electric Co., Ltd., and Sonic Solutions. Actual results could differ materially from those projected in the forward looking statements as a result of various risks and uncertainties. This press release should be read in conjunction with Funai's and Sonic Solutions' most recent annual reports on Form 10-K, quarterly Forms 10-Q and other reports on file with the Securities and Exchange Commission, which contain a more detailed discussion of each company's business including risks and uncertainties that may affect future results. Neither Funai nor Sonic Solutions undertakes to update any forward looking statements. Sonic, the Sonic logo, Sonic Solutions, Roxio, 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. *Pending final device review by content providers SOURCE Sonic Solutions Chris Taylor of Sonic Solutions, +1-408-367-5231, chris_taylor@sonic.com
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