TiVo Extends and Expands Patent Deal with LG Electronics

TiVo today announced yet another new IP licensing extension, this one with LG Electronics.

The agreement expands on a previous patent agreement with the Rovi side of TiVo’s business, adding patents that fall under the legacy TiVo umbrella.

“Our licensing agreement with LG further solidifies our long-term partnership with them,” said Arvin Patel, executive VP and chief IP officer, TiVo, in a statement. “We are thrilled to be working with a leading consumer electronics brand and are excited to help further enhance their customers’ ability to discover and enjoy entertainment content on multiple devices.”

Related: TiVo Extends Patent Deal with Canada’s Shaw

The announcement came one day after TiVo touted a new extension with Canadian cable company Shaw Communications. Notably, Shaw licenses the X1 video platform from Comcast, which is currently battling TiVo in more than half a dozen venues over IP licensing.

TiVo is currently looking to split its IP licensing business from its products business. The former saw revenue drop 8% in the first quarter to just over $66.9 million. IP licensing revenue from consumer electronics makers like LG Electronics was down only 4% to $8.6 million, and revenue from international constituents was up 15% to nearly $16.2 million.

But the TiVo/Rovi patent business continued to struggle with domestic pay TV operators—the biggest segment of the company’s IP licensing operation. Revenue from this sector was down 16% year over year to $42.1 million.

TiVo attributed $8.9 million of the Q1 drop to the “expiration of legacy Time Warp agreements.”

Daniel Frankel

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!