Collaboration Brings Together Two World-Class Media and Entertainment
Intellectual Property Portfolios
SANTA CLARA, Calif.--(BUSINESS WIRE)--
Rovi (NASDAQ: ROVI) and Intellectual Ventures (IV) today announced that
the companies are collaborating to bring together two of the world’s
leading media and entertainment patent portfolios under a unified,
comprehensive licensing program to focus on over-the-top (OTT)
offerings. Under the new agreement, Rovi will serve as the exclusive
partner for IV, licensing the companies’ combined patent portfolio
exclusively to OTT customers. This alliance builds a combined and global
intellectual property (IP) offering that leads the way in the discovery
and personalization of digital entertainment.
The combined portfolio addresses all aspects of the OTT value chain,
including content management and delivery, streaming technologies and
consumer-facing features and functionality. Building on Rovi’s
well-established patent licensing program, the addition of IV’s patents
significantly expands the breadth and depth of assets licensable to OTT
customers.
“We chose Rovi as a partner because of its world-class licensing program
and valuable patent portfolio, which is well established within the
media and entertainment market,” added Cory Van Arsdale, senior vice
president, global licensing at Intellectual Ventures. “By bringing our
patent portfolios together, we’ve created one of the most robust
entertainment and media patent portfolios available anywhere in the
world. This gives us an unparalleled opportunity to help drive further
innovation for our joint customers in the rapidly growing OTT industry.”
“We are extremely pleased to join forces with Intellectual Ventures. Our
alliance underscores Rovi’s commitment to foster innovation across the
media and entertainment landscape,” said Samir Armaly, executive vice
president, intellectual property and licensing at Rovi. “In addition to
our advanced discovery product offerings, our collaboration with
Intellectual Ventures will provide OTT licensees access to an even more
extensive patent portfolio, all from a single provider.”
Rovi has one of the world’s largest media and entertainment patent
portfolios, and its collaboration with IV more than doubles Rovi’s over
5,000 issued patents and pending applications worldwide directed to
entertainment and media-related technologies. Rovi’s
platform-independent, technology agnostic IP portfolio is licensed to
leading companies around the world, including the biggest names in media
and entertainment. The combined Rovi and IV license offering will enable
OTT providers to develop and deploy innovative solutions that lead the
way in the discovery and personalization of digital entertainment.
About Intellectual Ventures
Intellectual Ventures is a global invention company that helps create a
world in which invention can thrive through the shared commitment to
research, collaboration, investment and defense of inventors’
rights. For press inquiries, please contact [email protected].
For all other inquiries, please contact [email protected]
or follow
IV on Twitter at @IVinvents.
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.
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 Rovi Corporation’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 Rovi Corporation 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 Rovi Corporation’s
most recent report on Form 10-Q for the period ended September 30, 2015,
and such other documents as are filed with the Securities and Exchange
Commission from time to time (available at www.sec.gov).
Rovi Corporation 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160201005198/en/
Rovi Corporation
Stacey Hurwitz, 617-710-9171
[email protected]
Source: Rovi Corporation