Agreement will See Funai Re-enter the Japanese Market with
Entertainment Products Enhanced with TiVo’s G-Guide
Company Website:
https://www.tivo.com/
SAN CARLOS, Calif. -- (Business Wire)
TiVo
Corporation (NASDAQ: TIVO), a global leader in entertainment
technology and audience insights and Funai Electric, a major global
consumer electronics manufacturer, today announced that Funai has
renewed its multi-year product and intellectual property (IP) license
for entertainment products across Japan, North America and Europe.
“TiVo’s comprehensive entertainment discovery patent portfolio enables
Funai to deliver advanced features and functionalities that make our
products more competitive, while enhancing the entertainment viewing
experiences for our consumers,” said Hideaki Funakoshi, president, Funai
Electric.
On the cusp of re-entering the Japanese market with its 4K TV sets,
Funai has licensed TiVo’s electronic program guides, including G-Guide
and G-Guide xD, to provide consumers with more TV search options and
greater convenience along with remote recording functions. Funai will
also implement TiVo’s G-Guide HTML in its future 4K TV models.
“This agreement enables Funai to deliver highly-personalized
entertainment discovery experiences to their customers in multiple
regions,” said Michael Hawkey, senior vice president and general
manager, User Experience, TiVo. “It’s a testament to the strength of
TiVo’s innovative technology portfolio in delivering the ultimate
entertainment experience.”
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 customers to
build customized, next-generation digital entertainment solutions for
users around the globe.
About Funai Electric
Funai Electric Co., Ltd., established in 1961, is headquartered in
Osaka, Japan and is listed in the Tokyo Securities Exchange First
Section (6839). In addition to the consumer electronic product brands
sold by Funai Corporation and the products sold by other Funai sales and
marketing companies in Asia and North America, Funai Electric Company,
Ltd. is a major original equipment manufacturer (OEM) supplier for
appliance, consumer electronics, computer, and computer peripheral
companies at a global level. For more information on the Funai group,
please visit http://www2.funai.co.jp/en/index.html.
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 revolutionize 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,
forward.tivo.com
or follow us on Twitter @tivo
or @tivoforbusiness.
Caution Concerning Forward-Looking Statements
This press release contains forward-looking statements. Readers are
cautioned that such forward-looking statements involve risks and
uncertainties that could cause actual events or our actual results to
differ materially from those expressed in any such forward-looking
statements. Readers are directed to TiVo’s periodic and other reports
filed with the Securities and Exchange Commission (SEC) for a
description of such risks and uncertainties. TiVo undertakes no
obligation to update any forward-looking statements.
TiVo and the TiVo logo are registered trademarks of TiVo Corporation
and its subsidiaries worldwide.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170614005266/en/
Contacts:
TiVo
Jennifer Miu
+1-408-764-5411
Jennifer.Miu@tivo.com
Source: TiVo Corporation
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