TiVo Enters Into Global IP Licensing Agreement With LG Electronics

TiVo Corporation (NASDAQ: TIVO), today announced that the company has entered into a global intellectual property (IP) license agreement with LG Electronics, Inc (LG). This agreement expands upon LG’s previous Rovi patent portfolio license to also include the TiVo patent portfolio.

“Our licensing agreement with LG further solidifies our long-term partnership with them,” said Arvin Patel, executive vice president and chief IP officer, TiVo. “We are thrilled to be working with a leading consumer electronics brand and are excited to help further enhance their customers’ ability to discover and enjoy entertainment content on multiple devices.”

TiVo has spent decades investing in research and development to create market-leading technologies for the media and entertainment industry. TiVo believes this commitment to innovative solutions touches practically every aspect of consumers’ day-to-day interactions with their entertainment, and empowers IP licensees to build customized, next-generation entertainment solutions for consumers around the globe.