Company Release - 3/15/2016 8:00 AM ET
Major Korean Over-the-top Service Provider Licenses Rovi’s
World-class Intellectual Property for Content Discovery for Mobile TV
Subscribers
SAN CARLOS, Calif.--(BUSINESS WIRE)--
Rovi Corporation (NASDAQ: ROVI) today announced that Rovi has entered
into an entertainment discovery patent license agreement with KT
Corporation (KT), a leading provider of telecommunication services in
Korea. This license agreement provides KT with access to Rovi’s
market-leading patent portfolio, powering entertainment discovery for
KT’s mobile TV subscribers.
KT is one of the major providers of over-the-top (OTT) services in
Korea, providing telecommunications and convergence services throughout
the region. The company also offers TV everywhere (TVE) and
video-on-demand (VOD) over wireless networks and the Internet as part of
its digital networking services.
“This licensing agreement with KT underscores the value of our discovery
patent portfolio in Korea,” said Samir Armaly, executive vice president,
intellectual property and licensing, Rovi. “Our extensive entertainment
discovery patent portfolio is licensed by some of the world’s leading
companies around the globe. With Rovi, our licensees are able to
accelerate the deployment of personalized entertainment experiences and
help facilitate the discovery of content across multiple screens.”
Rovi has one of the world’s largest media and entertainment patent
portfolios. Rovi’s platform-independent, technology agnostic IP
portfolio is licensed to leading companies around the world, including
the biggest names in media and entertainment.
About Rovi Corporation
Rovi Corporation (NASDAQ: ROVI) is creating personalized and data-driven
ways for viewers to discover the right entertainment and for providers
to discover the right audiences. Chosen by top brands in entertainment
content, services and devices, Rovi touches the lives of hundreds of
millions of consumers by providing comprehensive solutions, customizable
products and technology licensing to make discovery simple, seamless and
personal. With more than 5,000 issued or pending patents worldwide, Rovi
is advancing entertainment and audience discovery. Learn more at rovicorp.com,
or follow us on Twitter @rovicorp.com.
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Rovi Corporation
Stacey Hurwitz, (617) 710-9171
[email protected]
Source: Rovi Corporation