Roku has signed a multiyear intellectual-property license agreement with TiVo, granting Roku access to a portfolio of thousands of patents.
Financial terms of the deal are not being disclosed. The agreement covers the TiVo and Rovi patent portfolios as well as the over-the-top patents in the Intellectual Ventures portfolio under the TiVo-IV licensing partnership.
TiVo in its current instantiation was formed out of Rovi’s $1.1 billion acquisition of the DVR maker last year. The combined company’s patent holdings encompass approximately 6,000 issued and pending patents, including about 4,000 internationally. The patents cover a diverse range of technologies, including interactive program guides, DVR functions and mobile device media processes.
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