TiVo Signs Multi-Year Intellectual Property License Deal with Roku
April 12 2017 - 8:00AM
Business Wire
TiVo Corporation (NASDAQ: TIVO), a global leader in
entertainment technology and audience insights, today announced
Roku, Inc., a leading TV streaming platform, signed a multi-year
intellectual property (IP) license agreement.
The IP license covers the TiVo and Rovi Corporation patent
portfolios as well as the over-the-top (OTT) assets of
the Intellectual Ventures patent portfolio under
the TiVo/IV licensing partnership.
Additionally, the agreement includes an option for Roku to
access TiVo’s high-quality entertainment metadata and other TiVo
products to further power intuitive search and navigation.
“This license agreement with Roku underscores the importance of
TiVo’s comprehensive patent portfolios for the fast-growing
streaming entertainment industry,” said Samir Armaly, executive
vice president, intellectual property and licensing, Rovi
Corporation, a TiVo company. “We look forward to supporting Roku
with innovative entertainment enhancements that will be enjoyed for
years to come by its current and future customers.”
TiVo’s investment in research and development has enabled it to
generate one of the world’s leading media and entertainment patent
portfolios. The company’s commitment to innovation enables the
delivery of products that touch practically every aspect of
consumers’ day-to-day interaction with their entertainment, and
helps licensees build customized next-generation digital
entertainment solutions for users around the globe.
About TiVo
TiVo Corporation (NASDAQ: TIVO) is a global leader in
entertainment technology and audience insights. From the
interactive program guide to the DVR, TiVo delivers innovative
products and licensable technologies that revolutionize how people
find content across a changing media landscape. TiVo enables the
world’s leading media and entertainment providers to deliver the
ultimate entertainment experience. Explore the next generation of
entertainment at tivo.com,
forward.tivo.com or follow us on Twitter @tivo or
@tivoforbusiness.
Forward-looking Statement
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 TiVo Corporation’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 TiVo Corporation 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 TiVo’s most recent report on Form
10-Q and other documents of TiVo Corporation, Rovi Corporation and
TiVo Solutions Inc. (formerly known as TiVo Inc.) on file with the
Securities and Exchange Commission (available at www.sec.gov). TiVo
Corporation 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20170412005160/en/
Finn PartnersRicca Silverio,
+1-949-439-7869tivo@finnpartners.com
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