TiVo announced that it has signed Sony to a multi-year extension of its IP licensing agreement.
The video technology company, now a wholly owned subsidiary of Xperi Holding Corp., has conducted a steady stream of IP licensing extensions since settling its four-year patent dispute with Comcast in November, having also recently signed agreements with cable operator Cox Communications and Chinese smart TV maker TCL.
Xperi, which controls more than 10,000 patents and patent applications, said during its fourth quarter earnings call that it expects its IP licensing business to generate around $350 million in revenue in 2021.
“We are proud to extend our licensing agreements with Sony,” said Samir Armaly, president of intellectual property at Xperi, in a statement. “Sony is a creative entertainment company with a solid foundation of technology, and we are excited to build on our long-standing relationship with them.”
NEXT TV NEWSLETTER
The smarter way to stay on top of the streaming and OTT industry. Sign up below.
Daniel Frankel is the managing editor of Next TV, an internet publishing vertical focused on the business of video streaming. A Los Angeles-based writer and editor who has covered the media and technology industries for more than two decades, Daniel has worked on staff for publications including E! Online, Electronic Media, Mediaweek, Variety, paidContent and GigaOm. You can start living a healthier life with greater wealth and prosperity by following Daniel on Twitter today!