Rovi, a developer of interactive program guides for TVs and set-tops, on
Monday announced a multiyear patent-licensing agreement with Apple,
sending Rovi shares up more than 5% in morning trading.Terms of the
agreement are confidential. Rovi disclosed the deal in an 8-K filing
with the Securities and Exchange Commission and declined to provide
Apple is gearing up to ship Apple TV,
a device that will let users rent TV shows and movies and play back
content purchased through iTunes, starting later this month for a list
price of $99.
Rovi claims to have an intellectual-property
portfolio comprising more than 4,600 issued or pending patents and
patent applications worldwide. The Santa Clara, Calif.-based company,
formerly called Macrovision Solutions, primarily sells content security,
metadata products and interactive program guides to operators and
consumer-electronics companies. Rovi closed its $2.8 billion acquisition
of Gemstar-TV Guide International in May 2008.
Click here for the full story at Multichannel.com
The television industry's top news stories, analysis and blogs of the day.
Thank you for signing up to Broadcasting & Cable. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.