Rovi and Intellectual Ventures Collaborate on Exclusive OTT Partnership
February 01 2016 - 8:00AM
Business Wire
Collaboration Brings Together Two World-Class
Media and Entertainment Intellectual Property Portfolios
Rovi (NASDAQ: ROVI) and Intellectual Ventures (IV) today
announced that the companies are collaborating to bring together
two of the world’s leading media and entertainment patent
portfolios under a unified, comprehensive licensing program to
focus on over-the-top (OTT) offerings. Under the new agreement,
Rovi will serve as the exclusive partner for IV, licensing the
companies’ combined patent portfolio exclusively to OTT customers.
This alliance builds a combined and global intellectual property
(IP) offering that leads the way in the discovery and
personalization of digital entertainment.
The combined portfolio addresses all aspects of the OTT value
chain, including content management and delivery, streaming
technologies and consumer-facing features and functionality.
Building on Rovi’s well-established patent licensing program, the
addition of IV’s patents significantly expands the breadth and
depth of assets licensable to OTT customers.
“We chose Rovi as a partner because of its world-class licensing
program and valuable patent portfolio, which is well established
within the media and entertainment market,” added Cory Van Arsdale,
senior vice president, global licensing at Intellectual Ventures.
“By bringing our patent portfolios together, we’ve created one of
the most robust entertainment and media patent portfolios available
anywhere in the world. This gives us an unparalleled opportunity to
help drive further innovation for our joint customers in the
rapidly growing OTT industry.”
“We are extremely pleased to join forces with Intellectual
Ventures. Our alliance underscores Rovi’s commitment to foster
innovation across the media and entertainment landscape,” said
Samir Armaly, executive vice president, intellectual property and
licensing at Rovi. “In addition to our advanced discovery product
offerings, our collaboration with Intellectual Ventures will
provide OTT licensees access to an even more extensive patent
portfolio, all from a single provider.”
Rovi has one of the world’s largest media and entertainment
patent portfolios, and its collaboration with IV more than doubles
Rovi’s over 5,000 issued patents and pending applications worldwide
directed to entertainment and media-related technologies. Rovi’s
platform-independent, technology agnostic IP portfolio is licensed
to leading companies around the world, including the biggest names
in media and entertainment. The combined Rovi and IV license
offering will enable OTT providers to develop and deploy innovative
solutions that lead the way in the discovery and personalization of
digital entertainment.
About Intellectual Ventures
Intellectual Ventures is a global invention company that helps
create a world in which invention can thrive through the shared
commitment to research, collaboration, investment and defense of
inventors’ rights. For press inquiries, please contact
press@intven.com. For all other inquiries, please contact
info@intven.com or follow IV on Twitter at @IVinvents.
About Rovi Corporation
Rovi Corporation (NASDAQ: ROVI) is creating personalized and
data-driven ways for viewers to discover the
right entertainment and for providers to discover the
right audiences. Chosen by top brands in entertainment
content, services and devices, Rovi touches the lives of
hundreds of millions of consumers by providing comprehensive
solutions, customizable products and technology licensing to make
discovery simple, seamless and personal. With more than 5,000
issued or pending patents worldwide, Rovi is advancing
entertainment and audience discovery. Learn more
at rovicorp.com or follow us on Twitter
@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 Rovi 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 Rovi 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 Rovi Corporation’s most recent
report on Form 10-Q for the period ended September 30, 2015, and
such other documents as are filed with the Securities and Exchange
Commission from time to time (available at www.sec.gov). Rovi
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/20160201005198/en/
Rovi CorporationStacey Hurwitz,
617-710-9171Stacey.Hurwitz@rovicorp.com
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