License Enables One of the Leading Global Consumer Electronics
Manufacturers to Implement Rovi’s Patent Portfolio Across Japan and
Europe
SANTA CLARA, Calif.--(BUSINESS WIRE)--
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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Rovi Corporation
Stacey Hurwitz, 617-710-9171
[email protected]
Source: Rovi Corporation