SANTA CLARA, Calif.--(BUSINESS WIRE)--Rovi Corporation (NASDAQ: ROVI) today announced that Rovi has renewed its discovery patent portfolio license agreement with Funai Electric Co. Ltd., covering Japan and Europe. The cross-regional licenses enable Funai to use Rovi’s patent portfolio for high-quality digital consumer electronics, giving Funai access to a range of Rovi's best-in-class discovery features including intuitive search and targeted recommendations services. Today’s announcement further builds upon Funai’s existing North American Intellectual Property (IP) license agreement.
In addition, Funai now has the right to adopt Rovi’s G-Guide HTML in Japan. The G-Guide HTML features advanced discovery capabilities, such as search functionality and a browser-based interface, to help drive a robust consumer entertainment experience across Funai’s TVs and Blu-ray disc recorder products. The Rovi G-Guide HTML also boasts a sleek TV listing grid designed to showcase rich images including cast photos and Rovi’s “six-degrees” discovery capability to help consumers quickly find relevant content that interests them.
“As one of the global leaders in consumer electronics, our license renewal and expansion with Funai reinforces Rovi’s leadership in bringing innovative entertainment discovery experiences to market,” said Samir Armaly, executive vice president, intellectual property and licensing, Rovi. “This collaboration underscores the value of Rovi’s patents and product solutions to Funai, including lower development costs and the ability to offer G-Guide’s advanced features to its customer base.”
About Rovi Corporation
Rovi is leading the way to a more personalized entertainment experience. The company’s pioneering guides, metadata and recommendations continue to drive program search and navigation on millions of devices across the globe. 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.
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, 2015, 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.