Santa Clara, Calif. - Macrovision (NASD: MVSN), a provider of copy-protection technology and media databases, announced on Thursday an agreement to sell its TV Guide Network to Allen Shapiro and One Equity Partners, for $225 million.

An additional up to $45 million may be paid via earn-out provisions through 2012.

Santa Clara, Calif.-based Macrovision said TV Guide Network is the nineteenth most-distributed network in the country, available in 83 million homes, while TVGuide.com claims over 15 million unique monthly visitors.

"This divestiture will further streamline our business operations and once again demonstrates our ability to execute on Macrovision's vision of providing consumers with a uniquely simple home entertainment experience," said Fred Amoroso, president and CEO of Macrovision.

"We remain committed to delivering leading interactive program guide technology, data solutions and video search capability as key ingredients to the future of the digital home."

Amoroso added that Macrovision also expects to divest its TVG Network horse racing wagering channel in early 2009.

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