April 3, 2018
Home entertainment technology pioneer TiVo April 3 said it signed a long-term intellectual property license agreement with Starz.
Lionsgate-owned Starz is acquiring a license to the TiVo patent portfolios and over-the-top video assets of the “intellectual ventures” patent portfolio under the TiVo/IV licensing partnership.
“This agreement emphasizes the importance of TiVo’s patent portfolios, especially for companies who are working to keep up with rapid developments and changes in the OTT video space,” Arvin Patel, EVP and chief intellectual property officer, Rovi Corp., a TiVo company, said in a statement.
TiVo, which created the digital video recorder market in 1999, has spent decades investing in R&D to enhance digital distribution technologies for the media and entertainment industry.
In 2016, Rovi acquired TiVo for $1.1 billion, incorporating the TiVo name as its new corporate identity. Between the two companies, they reportedly hold more than 6,000 patents used in practically every aspect of consumers’ day-to-day interaction with their entertainment.
“By leveraging [our] innovations, TV networks and other OTT [distributors] can quickly strengthen or upgrade the entertainment experiences they provide and in turn, spend more time and energy focused on other business priorities,” Patel said.
Indeed, patent litigation has proved to be a lucrative side business for TiVo. The company has been awarded by courts more than $1 billion in patent settlements through 2012.
Earlier this year, TiVo filed a lawsuit against Comcast, alleging the pay-TV operator’s X1 set-top infringes technology invented and patented by Rovi, including pausing and resuming shows on different devices, restarting programs in progress, advanced DVR recording features, and advanced search and voice functionality.