TiVo Expands Intellectual Property Licensing Deal With TCL Into North America
July 27 2017 - 8:00AM
Business Wire
TiVo Corporation (NASDAQ: TIVO), a global leader in
entertainment technology and audience insights, today announced it
has expanded its existing intellectual property (IP) license
agreement with TCL®, the fastest-growing TV brand in the U.S. and
the third largest TV manufacturer in the world, into North
America.
The latest IP licensing deal, which extends into the next
decade, provides coverage for TCL North America’s innovative
television offerings including its award-winning line of TCL Roku
TVs. TCL North America also obtained the capability to incorporate
TiVo’s advanced entertainment discovery innovations into its
televisions for the United States, Canada and Mexico markets. Since
September 2016, TCL has been an IP licensee of Rovi Corporation, a
TiVo company, for similar offerings across Europe.
“Today’s consumer has an appetite for an immersive and engaging
viewing experience, one that combines the latest technologies,
intuitive interfaces and exceptional picture quality,” said Chris
Larson, senior vice president, TCL. “Our partnership with TiVo
offers broad IP coverage and allows us to continue to push the
envelope when it comes to driving innovation within the smart
television space.”
“This announcement marks a major milestone as TCL, a leading
consumer electronics company headquartered in China, continues to
strengthen its presence here in North America,” said Samir Armaly,
executive vice president, Intellectual Property and Licensing, Rovi
Corporation, a TiVo company. “This expansion further demonstrates
the applicability of TiVo’s pioneering IP portfolios to the
consumer electronics market.”
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 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/20170727005223/en/
TiVoJennifer Miu, +1-408-764-5411Jennifer.Miu@tivo.com
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