Rovi Renews and Expands Patent License Agreement with Samsung

By Business Wire,  July 09, 2014, 08:30:00 AM EDT


Multi-Year Renewal for Samsung TV Products Expands Global Coverage

SANTA CLARA, Calif.--(BUSINESS WIRE)-- Rovi Corporation (NASDAQ:ROVI), a global leader in entertainment discovery, today announced that it has renewed a multi-year patent license agreement with Samsung for the use of Rovi video discovery patents and technologies across Samsung's TV and related products. The renewal adds new regions to encompass Samsung TV products sold on a worldwide basis.

"We have had a long-standing relationship with Samsung, one of the most recognized TV brands across the globe," said Samir Armaly, executive vice president, Worldwide Intellectual Property and Licensing, Rovi. "Our renewed agreement with Samsung reinforces the value of our patent portfolio to industry-leading CE manufacturers focused on driving next-generation entertainment discovery experiences."

Rovi and Samsung have a rich history of working together to bring consumers a better entertainment experience. Samsung deploys Rovi entertainment metadata - a renowned and extensive entertainment database of editorial content, program schedules, and images pertaining to TV programs, movies, and celebrities in its Smart TVs and tablets. The newest agreement comes on the heels of the multi-year patent license agreement that Rovi and Samsung announced earlier this year for the use of Rovi's patent portfolio across Samsung's mobile and tablet devices worldwide.

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-Q for the period ended March 31, 2014 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.

Source: Rovi Corporation



This article appears in: News Headlines

Referenced Stocks: ROVI


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