Close
Close

Published

TiVo to Rovi’s rescue, thanks to Samsung, HBO deals

TiVo posted impressive results this week, reporting revenue up 69% year-on-year to $252.3 million for Q4 2016. A large jump was fully expected with the newly combined financial clout of TiVo and Rovi, but the standout stars of the show were the licensing agreements TiVo recently signed with Samsung and HBO – deals which brought in a hefty sum of money to return Rovi to profitability. It’s worth mentioning that Rovi made a loss before buying TiVo in April last year for $1.1 billion, and the combined patents force is churning out ever growing royalty payments. Rovi’s turnaround has largely come about on the back of an intellectual property (IP) license with Samsung for TiVo patents in its mobile, consumer…

Close