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Unedited press release follows:
Rovi and TP Vision Enter Multi-Year Licensing Agreement
July 31, 2014 — Rovi Corporation (NASDAQ: ROVI) today announced that Rovi has entered into a multi-year patent license agreement with TP Vision. The licensing terms grant TP Vision use of Rovi’s discovery patent portfolio for its Philips-branded TV models and related second-screen companion applications and services across multiple international regions.
“This is an important agreement that reinforces the long-term value and relevance of Rovi’s patent portfolio for both traditional and next-generation entertainment platforms,” said Samir Armaly, executive vice president, Worldwide Intellectual Property and Licensing, Rovi. “Rovi has had a long-standing, historical licensing relationship for Philips-branded products, so we are pleased to close this new agreement and, more broadly, continue to support features and functionality that are central to multi-screen entertainment discovery and enjoyment.”
About Rovi Corporation
Rovi is leading the way to a more personalized entertainment experience. The company’s pioneering guides, data, and recommendations continue to drive program search and navigation on millions of devices on a global basis. 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.