TiVo Renews Intellectual Property License Deal With Alticast

TiVo Corporation (NASDAQ: TIVO), a global leader in entertainment technology and audience insights today announced that Alticast, an end-to-end media technology provider, has renewed its intellectual property (IP) license to deliver advanced entertainment products in Korea.

The IP license covers the patent portfolio of Rovi Corporation, a TiVo company, enabling Alticast to deliver video solutions to Korea’s leading entertainment industry players, including IPTV, cable and direct-to-home (DTH) platform providers.

As the leading supplier of middleware, interactive program guide (IPG), content protection, Service Delivery Platform (SDP), UX virtualization and OTT products for the advanced Korean pay-TV market, Alticast is committed to providing innovative solutions for platforms in today’s competitive market. “With access to a TiVo patent portfolio, we can further deliver advanced, future-ready solutions for our customers to stay relevant amidst a fragmented market, while providing high-performance entertainment experiences to consumers,” said Dosa Park, Head of Platform Business Division, Alticast.

“This license agreement emphasizes the value TiVo’s innovations bring to the competitive, rapidly expanding entertainment industry,” said Arvin Patel, executive vice president and chief intellectual property officer, Rovi Corporation, a TiVo company. “We are excited to further collaborate with Alticast in helping to enable pay-TV platform providers in Korea to offer unique, innovative and personalized entertainment experiences.”

TiVo has spent decades investing in research and development to create market-leading technologies for the media and entertainment industry. TiVo’s innovative solutions touch practically every aspect of consumers’ day-to-day interaction with their entertainment, enabling customers to build customized, next-generation digital entertainment solutions for users around the globe.