LONDON -- (Business Wire)
TiVo
Corporation (NASDAQ: TIVO), a global leader in entertainment
technology and audience insights, today announced that TiVo has entered
into a multi-year (IP) license agreement covering the consumer
electronics brands of the Fnac Darty Group, the European retailer of
entertainment and leisure products, consumer electronics and household
appliances.
The new multi-region European intellectual property license enables Fnac
Darty to enhance its own branded set-top box (STB) and TV products with
patented TiVo innovations.
“TiVo’s engagement with Fnac Darty demonstrates our leadership in
delivering the ultimate entertainment experience to consumers across
Europe,” said Arvin Patel, executive vice president and chief IP
officer, Rovi Corporation, a TiVo company. “It is testament to our broad
patent portfolios and innovations that are increasingly important to
advanced search and discovery in the consumer electronics market. We’re
pleased to help Fnac Darty expand its offerings and grow its customer
base with our innovations.”
The IP deal will enable Fnac Darty to implement TiVo technologies in
Europe.
TiVo has spent decades investing in research and development to create
market-leading technologies for the media and entertainment industry.
TiVo’s innovative solutions touch practically every aspect of consumers’
day-to-day interaction with their entertainment, enabling businesses to
build customized, next-generation digital entertainment solutions for
users around the globe.
About Fnac Darty
Operating in eleven countries, Fnac Darty is a European leader in the
retail of entertainment and leisure products, consumer electronics and
household appliances. The group counts 26 000 employees and, as of
December 2017, has a multi-format network of 728 stores, including 502
in France. Fnac Darty is France’s second e-commerce player in terms of
traffic (near 20 million aggregated unique visitors per month) with its
two retail websites, fnac.com and darty.com.
A standard-setting omni-channel retailer, Fnac Darty posted pro forma
revenues of €7.4 billion in 2017.
About TiVo
TiVo Corporation (NASDAQ: TIVO) is a global leader in entertainment
technology and audience insights. From the interactive program guide to
the DVR, TiVo delivers innovative products and licensable technologies
that revolutionse how people find content across a changing media
landscape. TiVo enables the world’s leading media and entertainment
providers to deliver the ultimate entertainment experience. Explore the
next generation of entertainment at tivo.com or follow us on Twitter
@tivo or @tivoforbusiness.
TiVo and the TiVo logo are registered trademarks of TiVo Corporation
and its subsidiaries worldwide.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180516005014/en/
Contacts:
Finn Partners, on behalf of TiVo
Jonathan Mathias, Gemma White,
Caitlin Mullally
E: tivouk@finnpartners.com
T:
+44 20 7017 8421
Source: TiVo Corporation
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