(THE CABLE SHOW) - Rovi Corporation (NASDAQ: ROVI), a global
leader in entertainment discovery, today announced that it has signed a
new, multi-year, global patent license agreement with ARRIS, a premier
video and broadband technology company. 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 nd 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 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. Discover more
about Rovi at 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 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 www.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.
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