PRZOOM - /newswire/ -
Los Angeles, CA, United States, 2014/04/30 - Rovi Corporation, a global leader in entertainment discovery, announced that it has signed a new, multi-year, global patent license agreement with ARRIS, a premier video and broadband technology company - Rovicorp.com. NASDAQ: ROVI
The agreement provides ARRIS with a license for its solutions across set-top boxes and on second-screen platforms. The long-term licensing agreement extends into the next decade.
“Our new agreement with ARRIS further underscores the long-term value and relevance of our patent portfolio for advanced discovery and multi-screen video services,” said Samir Armaly, executive vice president, worldwide intellectual property and licensing, Rovi. “With growing demand for video entertainment on a variety of different platforms and devices, Rovi’s intellectual property allows licensees to offer the innovative solutions required in today’s marketplace.”
“ARRIS is transforming entertainment for millions of consumers by collaborating with the world’s premier service providers to deliver next-gen TV that elevates personalization across multiple devices,” said Bruce McClelland, President, Network & Cloud, Global Services at ARRIS. “Our agreement with Rovi gives service providers more ways to engage and delight their subscribers, as our customers continue to deliver the next era of entertainment.”
With more than 5,000 issued patents and pending applications, Rovi has an extensive patent portfolio covering a wide range of digital entertainment capabilities. Rovi’s patent portfolio supports its product line, including interactive guides, entertainment data, search and recommendations, advertising, and analytics that help enable entertainment personalization and monetization.
About Rovi Corporation
Rovi (rovicorp.com) is leading the way to a more personalized entertainment experience. The company’s pioneering guides, data, and recommendations continue to drive program search and navigation on millions of devices on a global basis. 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.
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, 2013 and such other documents as are filed with the Securities and Exchange Commission from time to time (available at 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.