Rovi Renews Agreement With Panasonic for Multi-Year Global License

LOS ANGELES--(BUSINESS WIRE)--

Rovi Corporation ROVI, a global leader in entertainment discovery, today announced that Rovi has renewed its license agreement with Panasonic Corporation. The multi-year, worldwide agreement that includes Latin America and China coverage continues to provide Panasonic with a license to Rovi's interactive program guide (IPG) patent portfolio and related solutions for their products including TV and recorders.

“Our long-term relationship with Panasonic is a further testament to Rovi's leadership in powering personalized entertainment discovery solutions that enable consumers around the world to find their favorite content,” said Matt Milne, EVP, worldwide sales and marketing, Rovi. “With entertainment content on the rise, Rovi remains dedicated to working with our customers on delivering services that create unique and personalized viewing experiences for consumers.”

Under this agreement, Panasonic will have access to a range of Rovi's market-leading discovery technologies and solutions including intuitive search and targeted recommendations services, and Rovi Data — rich information, images, and editorial content on TV shows, movies, celebrities, and more covering multiple countries and languages. In addition, the agreement includes rights to use the HTML5-based G-Guide and Rovi's HTML Guide.

About Rovi Corporation

Rovi is leading the way to a more personalized entertainment experience. The company's pioneering guides, data, and recommendations continue to drive program search and navigation on millions of devices on a global basis. With a new generation of cloud-based discovery capabilities and emerging solutions for interactive advertising and audience analytics, Rovi is enabling premier brands worldwide to increase their reach, drive consumer satisfaction and create a better entertainment experience across multiple screens. The company holds over 5,000 issued or pending patents worldwide and is headquartered in Santa Clara, California. Discover more about Rovi at rovicorp.com.

Forward Looking Statements

All statements contained herein that are not statements of historical fact, including statements that use the words “will” or “is expected to,” or similar words that describe the Company's or its management's future plans, objectives, or goals, are “forward-looking statements” and are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to be materially different from the historical results and/or from any future results or outcomes expressed or implied by such forward-looking statements. Such factors are further addressed in the Company's most recent report on Form 10-K for the period ended December 31, 2013 and such other documents as are filed with the Securities and Exchange Commission from time to time (available at www.sec.gov). The Company assumes no obligation to update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release, except as required by law.