Epic Welcomes Sports Caster and Top Boxing and Football Commentator to Media Advisory Board and Macrovision and Gemstar-TV Guide Announce Early Termination of Hart-Scott-Rodino Waiting Period

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City of Industry, CA --(www.USEquityNews.com)-- 01/16/2008 - Media entertainment industry alert provided by U.S. Equity News. Epic Corporation (OTC: EPIO), a media and communication services company, recently announced that its media family has expanded by adding long time sports caster and personality, Jeff Deforrest to its expanding family of top broadcasters with the epic radio network. "Defo" as he is known throughout South Florida brings his impeccable style to the company and 25 years of top flight radio shows in Florida as well as television. Jeff is also the ring side commentator for warriors boxing, www.warriorsboxing.com and has worked and continues to work for HBO and Showtime, Spike and many other independent television stations covering fights internationally.


Gemstar-TV Guide International, Inc. (NASDAQ: GMST), a leading media, entertainment and technology company, has signed a patent license agreement with MobiTV, Inc., the leader in mobile and broadband entertainment services. The multi-year agreement includes patent license rights related to interactive program guides (IPGs) for mobile video programming, made available through the MobiTV service, both directly by MobiTV and via MobiTV on behalf of leading mobile and broadband service providers. Specific terms of the agreement were not disclosed.

Macrovision Corporation (NASDAQ: MVSN) and Gemstar-TV Guide International, Inc. recently announced that the Federal Trade Commission and the Department of Justice granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act relating to the proposed merger between Macrovision and Gemstar-TV Guide. The proposed merger remains subject to other customary closing conditions, including the approval of certain matters by Macrovision and Gemstar-TV Guide stockholders. Early termination of the waiting period ends the U.S. government's antitrust review of the transaction.

ESPN, the sports channel owned by Walt Disney Co. (NYSE: DIS) along with Bank of China Group Investment, Legend Holdings Ltd., Li Ka Shing Foundation and China Merchants Investments will invest $253 million for an 11% stake in NBA China, the National Basketball Association said recently. Tim Chen, the former chief executive of Microsoft Greater China, will be NBA China's CEO. Goldman Sachs & Co. was NBA China's strategic advisor and acted as exclusive placement agent for the offering.

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