Rovi Corporation (NASDAQ: ROVI) today announced that Rovi has entered into a multi-year patent license agreement with TP Vision. The licensing terms grant TP Vision use of Rovi’s discovery patent portfolio for its Philips-branded TV models and related second-screen companion applications and services across multiple international regions.
“This is an important agreement that reinforces the long-term value and relevance of Rovi’s patent portfolio for both traditional and next-generation entertainment platforms,” said Samir Armaly, executive vice president, Worldwide Intellectual Property and Licensing, Rovi. “Rovi has had a long-standing, historical licensing relationship for Philips-branded products, so we are pleased to close this new agreement and, more broadly, continue to support features and functionality that are central to multi-screen entertainment discovery and enjoyment.”
About Rovi Corporation
Rovi is leading the way to a more personalized entertainment experience. The company’s pioneering guides, data, and recommendations continue to drive program search and navigation on millions of devices on a global basis. 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.
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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 June 30, 2014 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.