TiVo and Netflix sign product and patent licensing agreementsMonday, November 28th, 2016
TiVo and Netflix Enter Into Product and Intellectual Property Agreements
SAN CARLOS, Calif. & LOS GATOS, Calif. — TiVo Corporation (NASDAQ: TIVO), the global leader in entertainment technology and audience insights, and Netflix (NASDAQ: NFLX), the world’s leading Internet TV network, today announced they signed licensing agreements that allow both companies to deliver a better entertainment experience to consumers.
Unprecedented Product Partnership
A product agreement calls for TiVo to continue integrating Netflix into TiVo set-top boxes available to consumers through a select, but growing number of pay-TV providers and retail stores. Customers will benefit from the integrated offering, which includes unified search across the content catalog and a Netflix button on remote controls.
“The partnership between Netflix and TiVo dates back to our early days of streaming video,” said Bill Holmes, Netflix global head of business development. “Building on this history, the agreements provide consumers freedom to watch their favorite TV shows and movies whenever and wherever, with an integrated experience across more devices.”
Delivering a Better Entertainment Experience to OTT with Patented Technologies
A separate intellectual property agreement provides Netflix a license to the TiVo patent portfolios and a license to the Intellectual Ventures patent portfolio for over-the-top offerings. This agreement represents one of the first licenses granted under the exclusive partnership with Intellectual Ventures announced earlier this year.
“Our agreements with Netflix represent a major milestone for TiVo as we expand our offerings for the fast-growing OTT space, and further demonstrates our commitment to delivering innovative technologies to new and emerging markets,” said Tom Carson, CEO, TiVo. “From products to patented technologies, TiVo is helping companies quickly adapt to a rapidly changing media industry and create beautiful user experiences that keep consumers connected to their favorite entertainment.”