Five-plus Year Patent License to Cover Range of Devices In Mobile and
Pay-TV Markets
SAN CARLOS, Calif.--(BUSINESS WIRE)--
TiVo Corporation (NASDAQ: TIVO), the global leader in entertainment
technology and audience insights, today announced that TiVo Corporation
and Samsung Electronics Co., Ltd. have agreed to terms regarding a broad
intellectual property license that will provide certain rights under
TiVo’s patent portfolios for Samsung’s leading mobile, consumer
electronic and set-top box businesses. As part of the agreement, the
parties will seek an immediate stay of all pending litigation and patent
challenges between the two companies and, upon satisfaction of certain
conditions in Q4 2016, will seek dismissal thereof.
“TiVo is pleased we were able to reach the terms of an agreement with
Samsung, one of the world’s most valued brands, and we look forward
continuing to work with Samsung to advance the consumer entertainment
experience,” said Tom Carson, CEO, TiVo. “We believe this agreement with
Samsung demonstrates the ongoing relevance of our intellectual property
well into the future, as well as in key markets such as mobile. The
arrangement also exemplifies the synergistic opportunities created by
Rovi’s acquisition of TiVo to deliver significant value to our
customers.”
The TiVo companies have spent decades investing in research and
development to generate some of the most valuable intellectual property
in the media and entertainment industry. TiVo’s commitment to innovation
empowers it to deliver products that touch practically every aspect of
consumers’ day-to-day interaction with their entertainment, and helps IP
portfolio licensees build customized, next-generation digital
entertainment solutions for users around the globe.
Conference Call Information
TiVo management will host its quarterly earnings conference call today,
November 3, 2016, at 2:00 p.m. PT/5:00 p.m. ET and will discuss the
Samsung arrangements in more detail as part of such call. Investors and
analysts interested in participating in the conference are welcome to
call 1-866-621-1214 (or international +1-706-643-4013) and reference
conference ID 91960016. The conference call can also be accessed via
live webcast in the Investor Relations section of TiVo's website at http://www.tivo.com/.
A telephonic replay of the conference call will be available through
November 10, 2016 and can be accessed by calling 1-800-585-8367 (or
international +1-404-537-3406) and entering conference ID 91960016. A
replay of the audio webcast will be available on TiVo Corporation's
website shortly after the live call ends and will remain on TiVo
Corporation's website until its next quarterly earnings call.
About TiVo
TiVo (NASDAQ: TIVO) is the 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 tivo.com,
forward.tivo.com
or follow us on Twitter @tivo
or @tivoforbusiness.
Forward-looking Statement
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 TiVo 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 TiVo 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 June 30, 2016, TiVo
Inc.’s most recent report on Form 10-Q for the period ended July 31,
2016, and such other documents as are filed with the Securities and
Exchange Commission from time to time (available at www.sec.gov).
TiVo 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/20161103006139/en/
Finn Partners for TiVo
Ricca Silverio, +1-949-439-7869
[email protected]
Source: TiVo Corporation