TiVo Enters Long-term IP License with Fnac Darty Group
May 16 2018 - 04:00AM
Business Wire
TiVo Corporation (NASDAQ: TIVO), a global leader in
entertainment technology and audience insights, today announced
that TiVo has entered into a multi-year (IP) license agreement
covering the consumer electronics brands of the Fnac Darty Group,
the European retailer of entertainment and leisure products,
consumer electronics and household appliances.
The new multi-region European intellectual property license
enables Fnac Darty to enhance its own branded set-top box (STB) and
TV products with patented TiVo innovations.
“TiVo’s engagement with Fnac Darty demonstrates our leadership
in delivering the ultimate entertainment experience to consumers
across Europe,” said Arvin Patel, executive vice president and
chief IP officer, Rovi Corporation, a TiVo company. “It is
testament to our broad patent portfolios and innovations that are
increasingly important to advanced search and discovery in the
consumer electronics market. We’re pleased to help Fnac Darty
expand its offerings and grow its customer base with our
innovations.”
The IP deal will enable Fnac Darty to implement TiVo
technologies in Europe.
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 businesses to build customized,
next-generation digital entertainment solutions for users around
the globe.
About Fnac Darty
Operating in eleven countries, Fnac Darty is a European leader
in the retail of entertainment and leisure products, consumer
electronics and household appliances. The group counts 26 000
employees and, as of December 2017, has a multi-format network of
728 stores, including 502 in France. Fnac Darty is France’s second
e-commerce player in terms of traffic (near 20 million aggregated
unique visitors per month) with its two retail
websites, fnac.com and darty.com. A standard-setting
omni-channel retailer, Fnac Darty posted pro forma revenues of €7.4
billion in 2017.
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 revolutionse 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 or follow us on Twitter @tivo or
@tivoforbusiness.
TiVo and the TiVo logo are registered trademarks of TiVo
Corporation and its subsidiaries worldwide.
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version on businesswire.com: https://www.businesswire.com/news/home/20180516005014/en/
Finn Partners, on behalf of TiVoJonathan Mathias, Gemma White,
Caitlin MullallyE: tivouk@finnpartners.comT: +44 20 7017 8421
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