TiVo and Funai Electric Renew Multi-Region Product and Intellectual Property License
June 14 2017 - 8:00AM
Business Wire
Agreement will See Funai Re-enter the Japanese
Market with Entertainment Products Enhanced with TiVo’s G-Guide
TiVo Corporation (NASDAQ: TIVO), a global leader in
entertainment technology and audience insights and Funai Electric,
a major global consumer electronics manufacturer, today announced
that Funai has renewed its multi-year product and intellectual
property (IP) license for entertainment products across Japan,
North America and Europe.
“TiVo’s comprehensive entertainment discovery patent portfolio
enables Funai to deliver advanced features and functionalities that
make our products more competitive, while enhancing the
entertainment viewing experiences for our consumers,” said Hideaki
Funakoshi, president, Funai Electric.
On the cusp of re-entering the Japanese market with its 4K TV
sets, Funai has licensed TiVo’s electronic program guides,
including G-Guide and G-Guide xD, to provide consumers with more TV
search options and greater convenience along with remote recording
functions. Funai will also implement TiVo’s G-Guide HTML in its
future 4K TV models.
“This agreement enables Funai to deliver highly-personalized
entertainment discovery experiences to their customers in multiple
regions,” said Michael Hawkey, senior vice president and general
manager, User Experience, TiVo. “It’s a testament to the strength
of TiVo’s innovative technology portfolio in delivering the
ultimate entertainment experience.”
TiVo has spent decades investing in research and development to
create market-leading technologies for the media and entertainment
industry. TiVo’s innovative solutions touch practically every
aspect of consumers’ day-to-day interaction with their
entertainment, enabling customers to build customized,
next-generation digital entertainment solutions for users around
the globe.
About Funai Electric
Funai Electric Co., Ltd., established in 1961, is headquartered
in Osaka, Japan and is listed in the Tokyo Securities Exchange
First Section (6839). In addition to the consumer electronic
product brands sold by Funai Corporation and the products sold by
other Funai sales and marketing companies in Asia and North
America, Funai Electric Company, Ltd. is a major original equipment
manufacturer (OEM) supplier for appliance, consumer electronics,
computer, and computer peripheral companies at a global level. For
more information on the Funai group, please
visit http://www2.funai.co.jp/en/index.html.
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.
Caution Concerning Forward-Looking Statements
This press release contains forward-looking statements. Readers
are cautioned that such forward-looking statements involve risks
and uncertainties that could cause actual events or our actual
results to differ materially from those expressed in any such
forward-looking statements. Readers are directed to TiVo’s periodic
and other reports filed with the Securities and Exchange Commission
(SEC) for a description of such risks and uncertainties. TiVo
undertakes no obligation to update any forward-looking
statements.
TiVo and the TiVo logo are registered trademarks of TiVo
Corporation and its subsidiaries worldwide.
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version on businesswire.com: http://www.businesswire.com/news/home/20170614005266/en/
TiVoJennifer Miu+1-408-764-5411Jennifer.Miu@tivo.com
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