Roku in multi-year patent licensing deal with TiVo

|About: TiVo Inc. (TIVO)|By:, SA News Editor

Roku has a multi-year deal with TiVo (TIVO +2.4%) that gets Roku access to thousands of patents.

The intellectual property license agreement covers both companies' patent portfolios as well as over-the-top patents in a portfolio that TiVo holds in a joint venture with Intellectual Ventures.

It's a break from what has been an aggressive approach to patent defense from TiVo and its merger partner Rovi.

Roku also has an option to tap entertainment metadata and other products.