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Sonic Announces Grants of Stock Options

December 18, 2008

NOVATO, Calif., Dec. 18 /PRNewswire-FirstCall/ — Sonic Solutions(R) (Nasdaq: SNIC), the leader in digital media software, announced today that the company’s Board of Directors has issued employment inducement stock option grants to ten non-executive employees. These employees joined Sonic as part of the CinemaNow acquisition, which was completed on November 24, 2008. The number of shares involved in these grants totaled 180,000, which is less than 1% of the outstanding common shares of Sonic. The option grants have an exercise price of $1.23 per share and vest over a four-year period.

About CinemaNow

CinemaNow, Inc. (www.cinemanow.com), part of Sonic’s Premium Content Group, is an innovator in digital entertainment technology, delivering high-quality Hollywood movies, TV shows and music videos to users across multiple platforms. Founded in 1999, CinemaNow has partnered with some of the biggest brands in consumer electronics and digital entertainment including ARCHOS, EchoStar Communications, Hewlett-Packard, Macrovision, Microsoft, Samsung, and Technicolor to deliver thousands of video titles directly to consumers. CinemaNow works with more than 250 licensors including 20th Century Fox, Disney, EMI, HDNet, IFC, Lionsgate, MGM, Miramax, NBC Universal, Paramount Pictures, Sony, Sundance Channel, Vivendi Entertainment and Warner Bros.

About Sonic Solutions

Sonic Solutions (NASDAQ: SNIC; www.sonic.com) enables the creation, management, and enjoyment of digital media content through its Hollywood to Home(TM) products, services, and technologies. Sonic’s products range from the advanced authoring systems used to produce Hollywood DVD and Blu-ray Disc titles to the award-winning Roxio-branded photo, video, music, and digital-media management applications and services. Sonic’s patented technologies and AuthorScript(R) media engine are relied upon by leading technology firms to define rich media experiences on a wide array of consumer electronics, mobile devices, set-top players, retail kiosks, and PCs. Always an innovator, Sonic has taken a leading role in helping professional and consumer markets make the successful transition to the new high-definition media formats and, through the Qflix(TM) platform, Sonic is defining new models for the digital distribution of Hollywood entertainment. Sonic Solutions is headquartered in Marin County, California.

Sonic, the Sonic logo, Sonic Solutions, AuthorScript, Hollywood to Home, Qflix, and Roxio are trademarks or registered trademarks of 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 under license.

SOURCE Sonic Solutions


Source: newswire



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