Signs Multi-Year Deal with Leading Consumer Electronics Manufacturer
SAN JOSE, Calif.–(BUSINESS WIRE)–TiVo Corporation (NASDAQ: TIVO), today announced that the company has entered into a global intellectual property (IP) license agreement with LG Electronics, Inc (LG). This agreement expands upon LG’s previous Rovi patent portfolio license to also include the TiVo patent portfolio.
“Our licensing agreement with LG further solidifies our long-term partnership with them,” said Arvin Patel, executive vice president and chief IP officer, TiVo. “We are thrilled to be working with a leading consumer electronics brand and are excited to help further enhance their customers’ ability to discover and enjoy entertainment content on multiple devices.”
TiVo has spent decades investing in research and development to create market-leading technologies for the media and entertainment industry. TiVo believes this commitment to innovative solutions touches practically every aspect of consumers’ day-to-day interactions with their entertainment, and empowers IP licensees to build customized, next-generation entertainment solutions for consumers around the globe.
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 revolutionize 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 business.tivo.com or follow us on Twitter @tivoforbusiness.
Caution Concerning Forward-Looking Statements
This press release contains forward-looking statements. Readers are cautioned that such forward-looking statements involve risks and uncertainties that could cause actual events or our actual results to differ materially from those expressed in any such forward-looking statements. Readers are directed to TiVo’s periodic and other reports filed with the Securities and Exchange Commission (SEC) for a description of such risks and uncertainties. TiVo undertakes no obligation to update any forward-looking statements.
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