This deal will expand LG’s existing Rovi patent portfolio to include TiVo’s patents.
Over the years, Rovi and TiVo have worked hand in hand to provide patents for interactive programme guide category such as content discovery and OTT. This is complemented by the robust TiVo IP Licensing portfolio, which contains patented technologies in DVR, time-shifting, mobile and beyond.
Charles Dawes, senior director of International Marketing at Tivo, told APB: “TiVo’s robust IP portfolio will enable LG Electronics to help its customers enjoy TV shows, movies, music and sports they love from any source, on any device.
“As a leading consumer electronics brand, LG Electronics has access to TiVo’s innovations, which enable companies to build customised next-generation digital entertainment offerings. With patented technologies in DVR, time-shifting, mobile and more, TiVo’s IP portfolio and innovations are transforming entertainment experiences across the globe.
“Furthermore, LG Electronics will be able to provide its customer fundamental offerings that would dramatically impact LGE’s competitiveness and value proposition to its end-users. “
As of May this year, TiVo and Rovi patent portfolios encompass approximately 5,500 issued and pending patents. Based on the review of strategic alternatives, TiVo’s board of directors concluded that separating its Product and IP Licensing businesses would be the best strategy to maximise shareholder value.
The separation will allow IP Licensing business to focus on new frontiers of video entertainment and communications. According to the statement released by TiVo, the company believes that the IP Licensing business can diversify beyond traditional video content discovery and recording domains, into new consumer applications and functionalities.