TiVo Corporation, has announced Roku, the TV streaming platform, signed a multi-year intellectual property (IP) license agreement.
The IP license covers the TiVo and Rovi Corporation patent portfolios as well as the over-the-top (OTT) assets of the Intellectual Ventures patent portfolio under the TiVo/IV licensing partnership.
Additionally, the agreement includes an option for Roku to access TiVo’s high-quality entertainment metadata and other TiVo products to further power intuitive search and navigation.
“This license agreement with Roku underscores the importance of TiVo’s comprehensive patent portfolios for the fast-growing streaming entertainment industry,” said Samir Armaly, executive vice president, intellectual property and licensing, Rovi Corporation, a TiVo company. “We look forward to supporting Roku with innovative entertainment enhancements that will be enjoyed for years to come by its current and future customers.”
TiVo’s investment in research and development has enabled it to generate one of the world’s leading media and entertainment patent portfolios. The company’s commitment to innovation enables the delivery of products that touch practically every aspect of consumers’ day-to-day interaction with their entertainment, and helps licensees build customized next-generation digital entertainment solutions for users around the globe.