TiVo Owner Xperi Looks to Spin-Off Intellectual Property Biz Following Q4 Loss

TiVo corporate parent Xperi is looking to spin-off its lucrative IP patent business as the tech company reorganizes following a disappointing fiscal quarter. The company posted a fourth-quarter (ended Dec. 31, 2021) loss of nearly $15 million, compared with a profit of almost $180 million in the previous-year period.

Xperi IP is licensed to third-party media distributors, including Comcast, as they evolve their digital streaming platforms. The company said it generated $350 million in IP licenses in 2021, a tally that is projected to grow to $375 million in 2022.

“Our intent is to separate the IP and product businesses this fall,” CEO Jon Kirchner said on the fiscal call. Kirchner said the new unit’s name would be Adeia, which means “to license” in Greek.

Subscribe HERE to the FREE Media Play News Daily Newsletter!

Meanwhile, Xperi said it grew its TiVo-themed IPTV subscribers more than 500% in 2021, which included the integration of MobiTV, now referred to as TiVo’s Managed IPTV service. The company also continued to integrate content onto the TiVo platform, adding Discovery+, PBS and CineLife to TiVo Stream 4K and TiVo+. TiVo Stream 4K now covers all major third-party streaming services.

“Our fourth quarter performance was solid, and we finished the year with revenue around the mid-point of our guidance and earnings above expectations,” Kirchner said. “I’m proud of how our team has navigated the shifting pandemic challenges to position the company for success.”

Rovi Files New Patent Infringement Lawsuit Against Videotron in Canada

Rovi Guides has filed a new patent infringement action against Videotron in the Federal Court of Canada. The action includes four of Rovi’s patents relating to advanced DVR functionality, delivering video programming in multiple formats, and switching between broadcast and streaming programs.

Rovi Guides, which is a subsidiary of Xperi Holding Corp., is software that enables third-party digital content distributors and CE manufacturers to find, manage and watch TV shows and movies on digital platforms and devices. Other Xperi brands include TiVo, DTS, Imax Enhanced, Invensas, HD Radio and Perceive.

Subscribe HERE to the FREE Media Play News Daily Newsletter!

The new suit adds to Rovi’s existing litigation against Videotron, which is pending a decision from the Federal Court of Canada. That litigation was filed before Videotron launched its next-generation Helix platform and alleges infringement of different patents by Videotron’s legacy platform.

“We have successfully licensed the other leading operators that use the very same technology that powers Videotron’s Helix platform and remain committed to finding a mutually acceptable resolution,” Samir Armaly, president, IP licensing of Xperi, said in a statement. “While we remain very confident in our ability to achieve a positive [legal[ outcome, when commercial negotiations prove unsuccessful, as they have to date with Videotron, litigation becomes necessary to protect our valuable intellectual property.”

While litigation continues, Xperi continues to advance its software licensing business north of the border including renewal and extension of patent license agreements with pay-TV operators. Xperi’s continued investment has resulted in the company’s Canadian patent portfolio to grow more than 60% during the past year. The patents are part of a portfolio of more than 11,000 patents and applications worldwide.


TiVo Extends IP Licensing Agreement With Sony

TiVo Feb. 2 announced a multiyear extension of agreements for its patent portfolios with Sony Corp. Since creating the digital video recorder decades ago, TiVo has created myriad software and technology patents enabling media companies to record, store, find, sell and rent video entertainment.

TiVo’s innovations make it easier for viewers to find and watch content across a multitude of platforms, including television (i.e. Sony Bravia), laptops, desktop PCs and portable devices.

“We are proud to extend our licensing agreements with Sony,” Samir Armaly, president of intellectual property at Xperi Corp., corporate parent of TiVo, said 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.”