TiVo Extends IP Licensing Agreement with Sony

Rhea-AI Summary

Xperi Holding Corporation (NASDAQ: XPER) announced a multiyear extension of its licensing agreements for TiVo's patent portfolios with Sony Corporation. Samir Armaly, president of intellectual property at Xperi, expressed pride in extending the relationship, emphasizing Sony's strong technological foundation. TiVo, a leader in media technology, focuses on enhancing viewer experiences across various platforms, having invested decades in R&D for industry innovation. This partnership is expected to reinforce TiVo's role in the entertainment sector while expanding their technological reach.

Positive

• Multiyear extension of licensing agreements with Sony improves revenue stability.
• Strengthens the long-term relationship between TiVo and Sony, a significant player in the entertainment industry.
• TiVo's extensive investment in R&D highlights its position as a leader in media technologies.

Negative

• None.

TiVo®, the company that brings entertainment together and a wholly owned subsidiary of Xperi Holding Corporation (NASDAQ: XPER) (“Xperi”), today announced a multiyear extension of agreements for TiVo’s patent portfolios with Sony Corporation.

“We are proud to extend our licensing agreements with Sony,” said Samir Armaly, president of intellectual property at Xperi. “Sony is a creative entertainment company with a solid foundation of technology, and we are excited to build on our long-standing relationship with them.”

TiVo has spent decades investing in research and development to create market-leading technologies and broadly licensing them to the media and entertainment industry. TiVo’s innovations make it easier for viewers to find, watch, and enjoy all their content across a multitude of platforms.

About TiVo

TiVo brings entertainment together, making it easy to find, watch and enjoy. We serve up the best movies, shows and videos from across live TV, on-demand, streaming services and countless apps, helping people to watch on their terms. For studios, networks and advertisers, TiVo delivers a passionate group of watchers to increase viewership and engagement across all screens. In June 2020, TiVo became a wholly-owned subsidiary of Xperi Holding Corporation. Go to tivo.com and enjoy watching.

About Xperi Holding Corporation

Xperi invents, develops, and delivers technologies that enable extraordinary experiences. Xperi technologies, delivered via its brands (DTS, HD Radio, IMAX Enhanced, Invensas, TiVo), and by its startup, Perceive, make entertainment more entertaining, and smart devices smarter. Xperi technologies are integrated into billions of consumer devices, media platforms, and semiconductors worldwide, driving increased value for partners, customers and consumers.

Xperi, DTS, IMAX Enhanced, Invensas, HD Radio, Perceive, TiVo and their respective logos are trademarks or registered trademarks of affiliated companies of Xperi Holding Corporation in the United States and other countries. All other company, brand and product names may be trademarks or registered trademarks of their respective companies.

Source: Xperi Holding Corporation

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FAQ

What is the significance of XPER's licensing agreement with Sony?

The multiyear extension of the licensing agreement strengthens XPER's financial outlook and reinforces its partnership with a major player in the entertainment industry.

How does the agreement with Sony impact TiVo?

The agreement enhances TiVo's market position and provides revenue stability through extended licensing.

When was the licensing agreement between XPER and Sony announced?

The licensing agreement was announced on February 2, 2021.

What technologies does TiVo focus on?

TiVo invests in technologies that improve viewer experiences across live TV, on-demand, streaming services, and various apps.