SANTA CLARA, Calif., March 1, 2010 (GLOBE NEWSWIRE) -- Rovi Corporation (Nasdaq:ROVI) today announced that it has expanded its relationship with Comcast to include Rovi's enhanced entertainment products as well as an expanded license under Rovi's patents across mobile, online, and other Comcast distribution platforms. In addition, Rovi has exited its GuideWorks joint venture with Comcast and Comcast has become sole owner of GuideWorks. GuideWorks was formed in 2004 as a collaborative effort by the two companies to further develop an interactive program guide solution, now distributed by Rovi under its i-Guide brand.
"We are excited to expand our relationship with Comcast and delighted to be providing them our entertainment metadata across Comcast's properties. We look forward to working with Comcast in improving the overall consumer experience," said Fred Amoroso, President and CEO, Rovi. "Additionally, as we assessed our options, we realized that much has changed in the market since the formation of GuideWorks and as a result, we believe that now is an appropriate time to exit the venture, and realign our portfolio and investments towards solutions we have direct control over and can use across a broad set of platforms and markets."
Rovi will continue to distribute its i-Guide product and its current customers will continue to receive i-Guide product updates and new downloads. Rovi's next major i-Guide release is expected to be delivered to customers in 2011.
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 4,400 issued or pending patents and patent applications 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/">http://www.rovicorp.com/.
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