Leading Cable Service Provider Extends Agreement for Rovi’s IP
Portfolio and IPGs
SANTA CLARA, Calif.--(BUSINESS WIRE)--
Rovi Corporation (NASDAQ: ROVI) today announced that Rovi has renewed
its patent license and interactive program guide (IPG) product agreement
with Charter Communications, Inc. The license renewal extends Charter’s
IPG patent license. Under the terms of the agreement, Charter will also
be able to license Rovi’s products and services, including Rovi Search,
Recommendations and Conversation Services, Rovi Metadata and Rovi
Analytics.
“As the media and entertainment marketplace becomes increasingly
fragmented, Rovi is helping customers like Charter raise the bar by
delivering innovative discovery experiences that increase entertainment
content consumption,” said Tom Carson, chief executive officer, Rovi.
“Our license renewal with Charter reinforces the value of Rovi’s patent
and product portfolio in Pay-TV homes across the nation. Rovi is pleased
to have reached this significant license agreement with Charter and we
look forward to continuing to work together as our respective businesses
evolve.”
Rovi Search and Recommendations Services are built upon a predictive
process that analyzes past viewing behaviors and preferences. Rovi
uniquely combines entertainment metadata with a dynamic Knowledge Graph
that maintains semantic, real-time information on more than 100 million
entertainment-related entities. Rovi Conversation Services create
intuitive ways for consumers to discover and access huge libraries of
programming, bringing a next-generation user experience to television
and video applications with naturally spoken language. Rovi Analytics
provides data-driven insights and business intelligence to advance
operational efficiency, improve customer experience and support business
decisions to help mitigate churn.
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.
About Charter
Charter (NASDAQ: CHTR) is a leading broadband communications company and
the fourth-largest cable operator in the United States. Charter provides
a full range of advanced broadband services, including advanced Charter
Spectrum TV® video entertainment programming, Charter Spectrum Internet®
access, and Charter Spectrum Voice®. Spectrum Business™ similarly
provides scalable, tailored, and cost-effective broadband communications
solutions to business organizations, such as business-to-business
Internet access, data networking, business telephone, video and music
entertainment services, and wireless backhaul. Charter's advertising
sales and production services are sold under the Charter Media® brand.
More information about Charter can be found at charter.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-K for the period ended December 31, 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.
Rovi Corporation
Stacey Hurwitz, 617-710-9171
[email protected]
Source: Rovi Corporation