TiVo Corporation said that Alticast, an end-to-end media technology provider, has renewed its intellectual property (IP) license to deliver advanced entertainment products in Korea.
The IP license covers the patent portfolio of Rovi Corporation, a TiVo company, enabling Alticast to deliver video solutions to Korea’s leading entertainment industry players, including IPTV, cable and direct-to-home (DTH) platform providers.
“With access to a TiVo patent portfolio, we can further deliver advanced, future-ready solutions for our customers to stay relevant amidst a fragmented market, while providing high-performance entertainment experiences to consumers,” said Dosa Park, Head of Platform Business Division, Alticast.
Arvin Patel, executive vice president and chief intellectual property officer, Rovi Corporation, said: “This license agreement emphasizes the value TiVo’s innovations bring to the competitive, rapidly expanding entertainment industry.
“We are excited to further collaborate with Alticast in helping to enable pay-TV platform providers in Korea to offer unique, innovative and personalized entertainment experiences.”