TiVo signs multi-year IP license deal with Roku

TiVo said it signed a multi-year intellectual property (IP) license agreement with TV streaming platform Roku.

The IP license covers TiVo and Rovi patent portfolios as well as the over-the-top (OTT) assets of the Intellectual Ventures patent portfolio under the TiVo/IV licensing partnership.

The agreement includes an option for Roku to access TiVo’s entertainment metadata and other TiVo products to further power intuitive search and navigation.

“This license agreement with Roku underscores the importance of TiVo’s comprehensive patent portfolios for the fast-growing streaming entertainment industry,” said Samir Armaly, executive vice president, intellectual property and licensing, Rovi Corporation, a TiVo company.