LG U+ Signs Entertainment Discovery Patent Portfolio License Agreement with Rovi

SANTA CLARA, Calif.--()--Rovi Corporation (NASDAQ: ROVI) today announced that Rovi has entered into an entertainment discovery patent license agreement with LG Uplus Corporation (LG U+), a South Korean cellular carrier owned by the LG Group, Korea’s fourth largest conglomerate and parent company of the consumer electronics giant. This license agreement provides LG U+ with access to Rovi’s patent portfolio.

“Our licensing agreement with LG U+ is a testament to the value of Rovi’s intellectual property and the entertainment discovery patent portfolio’s significance for service providers around the world”

LG U+ provides real-time live TV programs and video-on-demand (VOD) services through high-speed Internet and wireless networks in Korea. The company’s smart mobile IPTV service provides two-way services, terrestrial and HD broadcasting in real time, and 130,000 VOD episodes on the back of high-speed Internet broadcasting services.

“Our licensing agreement with LG U+ is a testament to the value of Rovi’s intellectual property and the entertainment discovery patent portfolio’s significance for service providers around the world,” said Samir Armaly, executive vice president, intellectual property and licensing, Rovi. “We are looking forward to working with LG U+ and helping to provide new and innovative ways for viewers to search and find their favorite programming in the Korean market.”

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 across the globe. 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. Rovi holds over 5,000 issued or pending patents worldwide and is headquartered in Santa Clara, California. Discover more about Rovi at Rovicorp.com.

Contacts

Rovi Corporation
Stacey Hurwitz
(617) 710-9171
Stacey.Hurwitz@rovicorp.com

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