TiVo and Netflix Enter Into Product and Intellectual Property Agreements
November 28 2016 - 04:10PM
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20161128005735/en/
Finn Partners for TiVoRicca Silverio,
+1-949-439-7869tivo@finnpartners.comorNetflixAnne Marie
Squeoasqueo@netflix.com
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