TiVo inks multi-year intellectual property license deal with Roku

TiVo Corporation (NASDAQ: TIVO), a provider of entertainment technology and audience insights, has announced Roku, Inc., a TV streaming platform, has signed a multi-year intellectual property (IP) license agreement, the company said.

The IP license covers the TiVo and Rovi Corporation patent portfolios as well as the over-the-top (OTT) assets of the Intellectual Ventures patent portfolio under the TiVo/IV licensing partnership.

Additionally, the agreement includes an option for Roku to access TiVo´s high-quality entertainment metadata and other TiVo products to further power intuitive search and navigation.

TiVo´s investment in research and development has enabled it to generate one of the world´s leading media and entertainment patent portfolios. The company´s commitment to innovation enables the delivery of products that touch practically every aspect of consumers´ day-to-day interaction with their entertainment, and helps licensees build customized next-generation digital entertainment solutions for users around the globe.

TiVo Corporation is a global leader in entertainment technology and audience insights. From the interactive program guide to the DVR, TiVo delivers innovative products and licensable technologies that revolutionize how people find content across a changing media landscape.