Rovi Extends Product and Entertainment Discovery Patent License Agreement to Funai
July 29 2015 - 8:00AM
Business Wire
License Enables One of the Leading Global
Consumer Electronics Manufacturers to Implement Rovi’s Patent
Portfolio Across Japan and Europe
Rovi Corporation (NASDAQ: ROVI) today announced that Rovi has
renewed its discovery patent portfolio license agreement with Funai
Electric Co. Ltd., covering Japan and Europe. The cross-regional
licenses enable Funai to use Rovi’s patent portfolio for
high-quality digital consumer electronics, giving Funai access to a
range of Rovi's best-in-class discovery features including
intuitive search and targeted recommendations services. Today’s
announcement further builds upon Funai’s existing North American
Intellectual Property (IP) license agreement.
In addition, Funai now has the right to adopt Rovi’s G-Guide
HTML in Japan. The G-Guide HTML features advanced discovery
capabilities, such as search functionality and a browser-based
interface, to help drive a robust consumer entertainment experience
across Funai’s TVs and Blu-ray disc recorder products. The Rovi
G-Guide HTML also boasts a sleek TV listing grid designed to
showcase rich images including cast photos and Rovi’s “six-degrees”
discovery capability to help consumers quickly find relevant
content that interests them.
“As one of the global leaders in consumer electronics, our
license renewal and expansion with Funai reinforces Rovi’s
leadership in bringing innovative entertainment discovery
experiences to market,” said Samir Armaly, executive vice
president, intellectual property and licensing, Rovi. “This
collaboration underscores the value of Rovi’s patents and product
solutions to Funai, including lower development costs and the
ability to offer G-Guide’s advanced features to its customer
base.”
About Rovi Corporation
Rovi is leading the way to a more personalized entertainment
experience. The company’s pioneering guides, metadata and
recommendations continue to drive program search and navigation on
millions of devices across the globe. 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 March 31, 2015, 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20150729005367/en/
Rovi CorporationStacey Hurwitz,
617-710-9171Stacey.Hurwitz@rovicorp.com
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