Shares in the company tanked nearly 12% in Tuesday afternoon trading.
For more information visit: www.rovicorp.com
Unedited press release follows:
Rovi Issues Statement in Response to Appeals Court Ruling in Amazon Case
April 8, 2014 — The United States Court of Appeals for the Federal Circuit has issued its decision in Rovi’s patent infringement litigation against Amazon Inc. Rovi (NASDAQ: ROVI) had sued Amazon in United States District Court for the District of Delaware in 2011 for infringing the two patents at issue in today’s decision. The appeals court sided with Amazon and found that the District Court’s interpretation of the claims of the patents was correct and therefore Amazon did not infringe these patents.
“We are disappointed by this decision,” said Samir Armaly, executive vice president, worldwide intellectual property and licensing, Rovi. “It should be noted that this decision relates to only two patents in our extensive portfolio. We believe that our portfolio is even more relevant to Amazon today and going-forward than when the present litigation began in early 2011. Since that time, Amazon has continued to expand its video and over-the-top offerings through new products like the recently announced Fire TV. As illustrated by various recent agreements, Rovi’s patent portfolio continues to be recognized by leading companies looking to deliver compelling video experiences across multiple screens. We plan to continue to pursue Amazon going-forward to take the necessary licenses under our patent portfolio, not only to protect our rights but also the rights of our existing licensees in this space.”
Rovi’s patent portfolio includes over 5000 issued patents and pending applications covering a wide range of fundamental digital entertainment capabilities related to guidance as well as DVR, video on demand, interactive applications, and multi-screen functionality. The portfolio supports Rovi’s deep product line including interactive guides, entertainment data, search and recommendations, advertising, and analytics that help enable entertainment personalization and monetization.
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. The company holds over 5,000 issued or pending patents worldwide and is headquartered in Santa Clara, California. Discover more about Rovi at rovicorp.com.