Rovi and TP Vision Enter Multi-Year Licensing Agreement
July 31 2014 - 8:30AM
Business Wire
Rovi Corporation (NASDAQ: ROVI) today announced that Rovi has
entered into a multi-year patent license agreement with TP Vision.
The licensing terms grant TP Vision use of Rovi’s discovery patent
portfolio for its Philips-branded TV models and related
second-screen companion applications and services across multiple
international regions.
“This is an important agreement that reinforces the long-term
value and relevance of Rovi’s patent portfolio for both traditional
and next-generation entertainment platforms,” said Samir Armaly,
executive vice president, Worldwide Intellectual Property and
Licensing, Rovi. “Rovi has had a long-standing, historical
licensing relationship for Philips-branded products, so we are
pleased to close this new agreement and, more broadly, continue to
support features and functionality that are central to multi-screen
entertainment discovery and enjoyment.”
About Rovi Corporation
Rovi is leading the way to a more personalized entertainment
experience. The company’s pioneering guides, data, and
recommendations continue to drive program search and navigation on
millions of devices on a global basis. With a new generation of
cloud-based discovery capabilities and emerging solutions for
interactive advertising and audience analytics, Rovi is enabling
premier brands worldwide to increase their reach, drive consumer
satisfaction and create a better entertainment experience across
multiple screens. Rovi holds over 5,000 issued or pending patents
worldwide and is headquartered in Santa Clara, California. Discover
more about Rovi at Rovicorp.com.
Forward Looking Statements
All statements contained herein that are not statements of
historical fact, including statements that use the words “will” or
“is expected to,” or similar words that describe the Company’s or
its management’s future plans, objectives, or goals, are
“forward-looking statements” and are made pursuant to the
Safe-Harbor provisions of the Private Securities Litigation Reform
Act of 1995. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors that could cause the
actual results of the Company to be materially different from the
historical results and/or from any future results or outcomes
expressed or implied by such forward-looking statements. Such
factors are further addressed in the Company’s most recent report
on Form 10-Q for the period ended June 30, 2014 and such other
documents as are filed with the Securities and Exchange Commission
from time to time (available at www.sec.gov). The Company assumes
no obligation to update any forward-looking statements in order to
reflect events or circumstances that may arise after the date of
this release, except as required by law.
Rovi CorporationChris Taylor,
408-562-3077chris.d.taylor@rovicorp.com
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