Xperi and Comcast Enter Into Long-Term Patent License Agreement
November 09 2020 - 4:05PM
Business Wire
Agreement Reinforces the Long-Term Relevance
and Value of the Media IP Licensing Business
TiVo®, a wholly owned subsidiary of Xperi Holding Corporation
(NASDAQ: XPER) (“Xperi”), and Comcast Corporation (NASDAQ: CMCSA)
today announced that they have entered into a 15-year patent
license agreement. The agreement is effective as of the expiration
of Comcast’s prior agreement in 2016, providing broad coverage
under TiVo’s patent portfolios into 2031. The agreement also
resolves all of the outstanding litigation between the
companies.
The terms of the agreement are consistent with TiVo’s
well-established licensing program for the Pay-TV market. The
agreement provides for an initial payment upon execution and
ongoing payments through the remainder of the agreement.
“We are very pleased to conclude this agreement with Comcast,
one of the world’s leading media and technology companies that is
widely recognized for its innovative products and solutions,” said
Samir Armaly, president, IP licensing of Xperi. “The agreement
illustrates our ability to execute key renewals with our largest
customers as the video market continues to experience significant
technological and business evolution.”
“This deal provides us with a reasonable licensing solution for
the company’s comprehensive patent portfolio while putting the
litigation behind us,” said Peter Kiriacoulacos, EVP and chief
procurement officer of Comcast. “We’re looking forward to a
mutually successful relationship in the years to come as we
continue to bring our customers the best entertainment
experiences.”
TiVo has spent decades investing in research and development to
create market-leading technologies broadly licensing them to the
media and entertainment industry. TiVo’s innovations make it easier
for viewers to find, watch, and enjoy all their content across a
multitude of platforms.
About Xperi Holding Corporation
Xperi invents, develops, and delivers technologies that enable
extraordinary experiences. Xperi technologies, delivered via its
brands (DTS, HD Radio, IMAX Enhanced, Invensas, TiVo), and by its
startup, Perceive, make entertainment more entertaining, and smart
devices smarter. Xperi technologies are integrated into billions of
consumer devices, media platforms, and semiconductors worldwide,
driving increased value for partners, customers and consumers.
Xperi, DTS, IMAX Enhanced, Invensas, HD Radio, Perceive, TiVo
and their respective logos are trademarks or registered trademarks
of affiliated companies of Xperi Holding Corporation in the United
States and other countries. All other company, brand and product
names may be trademarks or registered trademarks of their
respective companies.
About Comcast Corporation
Comcast Corporation (Nasdaq: CMCSA) is a global media and
technology company with three primary businesses: Comcast Cable,
NBCUniversal, and Sky. Comcast Cable is one of the United States’
largest high-speed internet, video, and phone providers to
residential customers under the Xfinity brand, and also provides
these services to businesses. It also provides wireless and
security and automation services to residential customers under the
Xfinity brand. NBCUniversal is global and operates news,
entertainment and sports cable networks, the NBC and Telemundo
broadcast networks, television production operations, television
station groups, Universal Pictures, and Universal Parks and
Resorts. Sky is one of Europe's leading media and entertainment
companies, connecting customers to a broad range of video content
through its pay television services. It also provides
communications services, including residential high-speed internet,
phone, and wireless services. Sky operates the Sky News broadcast
network and sports and entertainment networks, produces original
content, and has exclusive content rights. Visit
www.comcastcorporation.com for more information.”
XPER-I
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version on businesswire.com: https://www.businesswire.com/news/home/20201109006032/en/
Xperi Investors: Geri Weinfeld, Vice President Investor
Relations +1 818-436-1231 geri.weinfeld@xperi.com
Xperi Media: Lerin O’Neill, Director Communications +1
408-562-8455 lerin.oneill@xperi.com
Comcast Investors: Marci Ryvicker +1 215-286-4781 Jane Kearns +1
215-286-4794 Marc Kaplan +1 215-286-6527
Comcast Media: Jenni Moyer Gatta +1 610-506-8951 – mobile
Jenni_Moyer@comcast.com
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