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Rovi, TWC Extend Existing Agreement

Rovi Corp. said it has inked an extension of its existing interactive program guide license and distribution agreement and patent licensing pact with Time Warner Cable.

Financial terms and the length of the extension were not announced, but the deal comes amid Charter Communications’ proposed merger with TWC and Bright House Networks

Rovi announced it has struck a multi-year year deal with Charter in April, which came to be as Rovi looked to lock up new licensing deals with its so-called “big-four” -- Comcast, Time Warner Cable, DirecTV (now part of AT&T) and Dish Network.

“We are pleased to continue our business relationship with Time Warner Cable,” Tom Carson, Rovi’s president and chief executive officer, said in a statement.

Rovi shares were up 8 cents (0.81%) to $9.95 each in Monday morning trading.