Rovi and Charter Sign Multi-Year License Renewal
By: Staff | Apr 6 2016
Santa Clara, Calif., April 20, 2015 — Rovi Corporation (NASDAQ: ROVI) today announced that Rovi has renewed its patent license and interactive program guide (IPG) product agreement with Charter Communications, Inc. The license renewal extends Charter’s IPG patent license. Under the terms of the agreement, Charter will also be able to license Rovi’s products and services, including Rovi Search, Recommendations and Conversation Services, Rovi Metadata and Rovi Analytics.
“As the media and entertainment marketplace becomes increasingly fragmented, Rovi is helping customers like Charter raise the bar by delivering innovative discovery experiences that increase entertainment content consumption,” said Tom Carson, chief executive officer, Rovi. “Our license renewal with Charter reinforces the value of Rovi’s patent and product portfolio in Pay-TV homes across the nation. Rovi is pleased to have reached this significant license agreement with Charter and we look forward to continuing to work together as our respective businesses evolve.”
Rovi Search and Recommendations Services are built upon a predictive process that analyzes past viewing behaviors and preferences. Rovi uniquely combines entertainment metadata with a dynamic Knowledge Graph that maintains semantic, real-time information on more than 100 million entertainment-related entities. Rovi Conversation Services create intuitive ways for consumers to discover and access huge libraries of programming, bringing a next-generation user experience to television and video applications with naturally spoken language. Rovi Analytics provides data-driven insights and business intelligence to advance operational efficiency, improve customer experience and support business decisions to help mitigate churn.
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