FOR IMMEDIATE RELEASE
Tuesday, February 10, 2004

Widevine Technologies Closes $13 Million in Funding From Key Venture Capital Groups

Appoints new members to board of directors

Seattle, WA, February 10, 2004 –Widevine Technologies, the largest provider of content security solutions to the video over IP market and inventor of the Virtual SmartCard™, today announced the closing of $13 million in venture funding. The funding round was led by Vantage Point Venture Partners, one of the largest funds in the United States with more than $2.5 billion in capital under management. Widevine’s existing investors, Constellation Ventures, Pacesetter Capital Group, and Phoenix Capital Partners also participated.

The Widevine Virtual SmartCard solution significantly lowers the costs of securing content over video networks while dramatically raising the bar on piracy. Today, the Virtual SmartCard is being deployed in broadband video projects throughout the world. Widevine plans to use the funding to speed the Company’s growth to meet the demands of its rapidly growing customer base and expand its reach into traditional cable and satellite markets.

Concurrent with the funding, Widevine announced the appointment of two new members to its board of directors. They are Cynthia Ringo, Managing Director, VantagePoint Venture Partners and Duncan Davidson, Venture Partner, VantagePoint Venture Partners. Ms. Ringo brings more than 20 years CEO and operating executive experience for a variety of communications and technology companies, including CopperCom, Madge Networks and Red Brick Systems. Mr. Davidson brings a wealth of experience in marketing security solutions for content distribution and was formerly a senior executive with InterTrust, a pioneer of digital rights management.

“Widevine’s technology is quickly being embraced by the marketplace as Hollywood studios, broadcasters and service operators recognize the need to protect content and revenue streams in this age of digital piracy. With the support and resources of VantagePoint and our existing investors, we have the opportunity to scale our operation to meet the fast-growing worldwide demand,” said Brian Baker, President and CEO of Widevine Technologies. “In addition to the long-term financial stability this funding brings, we will now be able to accelerate our product integration and deployment efforts and bring our enhanced solutions to market more rapidly.”

“Also, adding such individuals as Duncan Davidson and Cynthia Ringo to our board of directors brings added depth to Widevine’s experience and expertise, a valuable element in our growth plans,” he said.

About Widevine Technologies, Inc.
Widevine supplies a comprehensive suite of conditional access and digital rights enforcement products to Telco, Cable, and Satellite Operators enabling the deployment of Interactive Television services such as Digital Broadcast, VOD and PVR.

Widevine insures that the content that is watched is paid for and that it is only used for its intended purpose. Headquartered in Seattle, Widevine’s products secure video services (VOD, digital broadcast channels, etc.) over cable, satellite, xDSL (Telco), and Fiber optic networks. Comprised of world-class engineers and experts in security and encryption, Widevine is the inventor of the Virtual SmartCard, a cost-effective method of securing high value content, including that produced by Hollywood. Widevine has one patent issued and 22 pending.

Widevine offers the Cypher™ Suite and implementation services enabling the operator to obtain premium On-Demand titles. Cypher Suite contains Patent pending technologies for VOD (Cypher VOD™), digital broadcast (Cypher Broadcast™), conditional access/digital rights management (Cypher CA™) and Digital Copy Protection™ (Cypher DCP™). For more information see Widevine Technologies at www.widevine.com.

About Vantage Point Venture Partners
VantagePoint Venture Partners is one of the nation's largest venture capital firms that actively works with management teams and its strategic partners to build technology leaders. As an active multi-stage investor, the Firm provides funding and resources for all stages of a company's lifecycle from seed round through late stage and privately negotiated investments in public companies. VantagePoint is based on a full-service 'Partner-Team' approach that provides entrepreneurs with a blend of technology, venture capital, operations, and corporate-finance expertise. As hands-on investors, the Firm is focused on technology investments in communications, semiconductor, software, internet, CleanTech and healthcare commerce sectors. More information is available at www.vpvp.

About Constellation Ventures
Constellation Ventures, a Bear Stearns Asset Management Venture Capital Fund, manages $450 million in venture capital through offices in New York and Tokyo. The fund invests between $5 and $25 million in early to mid-stage companies that enable the distribution, management and control of information over emerging digital networks. Constellation Ventures provides its portfolio companies strategic value-added services by leveraging its Limited Partners that include Bear Stearns, Sony, Viacom, Young & Rubicam, Tribune, Dai Nippon Printing, NTT Data, Acxiom, Toyota and Singapore Technologies. For more information, please visit www.constellationventures.com.

Media Contact:
Eric Moser
Ruder Finn Chicago (for Widevine Technologies)
Tel: +1 312 329 3908
mosere@ruderfinn.com

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