TiVo has announced a renewal of its IP licensing deal with Chinese consumer electronics company TCL, the No. 2 seller of smart TVs in North America.
“TCL North America values its long-standing relationship with TiVo, and is proud to continue this partnership to support our growing product line-up,” said Jonathan King, VP of corporate & legal affairs for TCL, in a statement. “This expanded agreement further demonstrates TCL’s commitment and respect for intellectual property as we continue introducing industry-leading features and capabilities for our loyal users.”
TiVo was purchased last year by San Diego tech company Xperi, creating an IP licensing powerhouse of more than 10,000 patents and patent applications.
Xperi said during its fourth quarter earnings call that it expects its IP licensing business to generate around $350 million i revenue in 2021.
The company recently settled a four-year legal dispute with Comcast, the lone maverick in the video technology business not paying it IP licensing fees.
“We are thrilled to extend and expand our licensing partnership with TCL, America’s second largest TV brand, including its award-winning line of TCL TVs,” said Samir Armaly, president, IP licensing of Xperi. “We believe this agreement further demonstrates the continued relevance of our IP portfolio in the consumer electronics space. The licenses provided under our expanded agreement will enable TCL to continue delivering the very best experience for its customers, even as the television industry undergoes rapid transformation and change.”
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!
The smarter way to stay on top of the streaming and OTT industry. Sign up below.
Thank you for signing up to Next TV. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.