Seeking Alpha

Rovi jumps following licensing deals with Google, Sharp, Samsung, LG

  • Rovi (ROVI +8.3%), hit hard last year by legal setbacks and licensing challenges, has announced a multi-year patent license deal with YouTube owner Google that covers Rovi's video discovery technologies. (PR)
  • Rovi has also announced a video discovery IP licensing deal with Samsung that covers mobile devices, a licensing deal with LG related to video metadata (i.e. information about video content) for smart devices, and a multi-year renewal of its DivX video codec licensing deal with Sharp that covers the next-gen HEVC video compression format.
  • Terms for the licensing deals are undisclosed.
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