SANTA CLARA, Calif., July 12, 2011 (GLOBE NEWSWIRE) -- Rovi Corporation (Nasdaq:ROVI) and Toshiba Corporation have signed a multi-year agreement for use of Rovi TotalGuide and its interactive program guide (IPG) patent portfolio in Toshiba televisions, Blu-ray players and recorders, as well as mobile and tablet devices in the United States and Europe, expected to be sold in Spring 2012.
Rovi TotalGuide unifies search, discovery and recommendations to provide consumers with one destination where they can access content seamlessly from the Internet and from broadcast services. In addition, Rovi and Toshiba will be working together to launch new interactive advertising capabilities on Toshiba devices with TotalGuide, helping to expand the value to advertisers, and extend the reach to consumers on the Rovi Advertising Network.
"Rovi has unique solutions and essential intellectual property that are critical in bringing a simplified entertainment experience to consumers looking to access digital content of all types from a variety of sources," said Mr. Hiyama, Chief Marketing Executive, Digital Products & Services Company, Toshiba Corporation. "Our license agreement with Rovi is an important piece in bringing content discovery to a new level for consumer enjoyment."
"Our announcement today with Toshiba emphasizes the value and importance of Rovi technology and intellectual property to CE manufacturers globally," said Thomas Carson, executive vice president of sales and marketing, Rovi. "We are excited to help Toshiba enhance its entertainment experience and look forward to working together to enable advertisers with an offering that engages the consumer."
In addition to the latest licensing agreement, Rovi is powering a number of other digital entertainment capabilities on Toshiba's connected devices. The company's RoxioNow entertainment platform is behind the recent launch of a new retailer-branded entertainment storefront on the Toshiba VX700 and WX800 3D series LED HDTVs, and DivX Certification helps the optimized playback of video content in the popular format.
About Rovi Corporation
Rovi Corporation is focused on revolutionizing the digital entertainment landscape by delivering solutions that enable consumers to intuitively connect to new entertainment from many sources and locations. The company also provides extensive entertainment discovery solutions for television, movies, music and photos to its customers in the consumer electronics, cable and satellite, entertainment and online distribution markets. These solutions, complemented by industry leading entertainment data, create the connections between people and technology, and enable them to discover and manage entertainment in an enjoyable form.
Rovi holds over 5,100 issued or pending patents worldwide and is headquartered in Santa Clara, California, with numerous offices across the United States and around the world including Japan, Hong Kong, Luxembourg, and the United Kingdom. More information about Rovi can be found at http://www.rovicorp.com/.
The Rovi Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6482
Forward Looking Statements
All statements contained herein that are not statements of historical fact, including statements that use the words "will" or "is expected to," or similar words that describe the Company's or its management's future plans, objectives, or goals, are "forward-looking statements" and are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to be materially different from the historical results and/or from any future results or outcomes expressed or implied by such forward-looking statements. Such factors are further addressed in the Company's most recent report on Form 10-Q for the period ended March 31, 2011 and such other documents as are filed with the Securities and Exchange Commission from time to time (available at www.sec.gov). The Company assumes no obligation to update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release, except as required by law.