SAN CARLOS, Calif. & LOS GATOS, Calif.--(BUSINESS WIRE)--
TiVo Corporation (NASDAQ: TIVO), the global leader in entertainment
technology and audience insights, and Netflix (NASDAQ: NFLX), the
world’s leading Internet TV network, today announced they signed
licensing agreements that allow both companies to deliver a better
entertainment experience to consumers.
Unprecedented Product Partnership
A product agreement calls for TiVo to continue integrating Netflix into
TiVo set-top boxes available to consumers through a select, but growing
number of pay-TV providers and retail stores. Customers will benefit
from the integrated offering, which includes unified search across the
content catalog and a Netflix button on remote controls.
“The partnership between Netflix and TiVo dates back to our early days
of streaming video,” said Bill Holmes, Netflix global head of business
development. “Building on this history, the agreements provide consumers
freedom to watch their favorite TV shows and movies whenever and
wherever, with an integrated experience across more devices.”
Delivering a Better Entertainment Experience to OTT with Patented
Technologies
A separate intellectual property agreement provides Netflix a license to
the TiVo patent portfolios and a license to the Intellectual Ventures
patent portfolio for over-the-top offerings. This agreement represents
one of the first licenses granted under the exclusive partnership with
Intellectual Ventures announced earlier this year.
“Our agreements with Netflix represent a major milestone for TiVo as we
expand our offerings for the fast-growing OTT space, and further
demonstrates our commitment to delivering innovative technologies to new
and emerging markets,” said Tom Carson, CEO, TiVo. “From products to
patented technologies, TiVo is helping companies quickly adapt to a
rapidly changing media industry and create beautiful user experiences
that keep consumers connected to their favorite entertainment.”
About Netflix
Netflix is the world’s leading Internet television network with over 86
million members in over 190 countries enjoying more than 125 million
hours of TV shows and movies per day, including original series,
documentaries and feature films. Members can watch as much as they want,
anytime, anywhere, on nearly any Internet-connected screen. Members can
play, pause and resume watching, all without commercials or commitments.
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 TiVo’s most recent
report on Form 10-Q and other documents of TiVo Corporation, Rovi
Corporation and TiVo Solutions Inc. (formerly known as TiVo Inc.) on
file with the Securities and Exchange Commission (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/20161128005735/en/
Finn Partners for TiVo
Ricca Silverio, +1-949-439-7869
[email protected]
or
Netflix
Anne
Marie Squeo
[email protected]
Source: TiVo Corporation