It looks like TiVo is laying more groundwork for their international expansion:
Gemstar-TV Guide (NASDAQ: GMST), a leading media, entertainment and technology company, and TiVo Inc. (NASDAQ: TIVO), the creator of and a leader in television services for digital video recorders (DVR), today announced that they have entered into a new patent license agreement for retail products and certain service provider deployments of the TiVo® service in international markets. This agreement expands the existing relationship between the companies, which previously included a patent license from Gemstar–TV Guide for TiVo’s retail distribution and service provider deployments in North America.
“We are pleased to complete this agreement with TiVo,†said Samir Armaly, executive vice president, licensing and intellectual property, Gemstar-TV Guide. “As TiVo seeks to expand its business internationally, it can now operate under a license for our international interactive program guide patent portfolio. This agreement further underscores the value of our intellectual property throughout the world.â€
“International interest in TiVo is at an all time high as retailers and service providers globally seek to deliver the TiVo service as a way to differentiate their video products,†said Joshua Danovitz, vice president and general manager, International at TiVo. “In most instances, our partners are seeking a one-stop solution that provides the industry’s leading personal video recorder experience without the need to acquire separate licenses for third party intellectual property. Through this arrangement with Gemstar-TV Guide we have made deployment of TiVo even more seamless for our growing portfolio of international partners.â€
Financial terms of the agreement were not disclosed.
