It looks like TiVo is laying more groundwork for their international expansion:
Gemstar-TV Guide (NASDAQ: GMST), a leading media, entertainment and technology company, and TiVo Inc. (NASDAQ: TIVO), the creator of and a leader in television services for digital video recorders (DVR), today announced that they have entered into a new patent license agreement for retail products and certain service provider deployments of the TiVo® service in international markets. This agreement expands the existing relationship between the companies, which previously included a patent license from Gemstarâ€“TV Guide for TiVoâ€™s retail distribution and service provider deployments in North America.
â€œWe are pleased to complete this agreement with TiVo,â€ said Samir Armaly, executive vice president, licensing and intellectual property, Gemstar-TV Guide. â€œAs TiVo seeks to expand its business internationally, it can now operate under a license for our international interactive program guide patent portfolio. This agreement further underscores the value of our intellectual property throughout the world.â€
â€œInternational interest in TiVo is at an all time high as retailers and service providers globally seek to deliver the TiVo service as a way to differentiate their video products,â€ said Joshua Danovitz, vice president and general manager, International at TiVo. â€œIn most instances, our partners are seeking a one-stop solution that provides the industryâ€™s leading personal video recorder experience without the need to acquire separate licenses for third party intellectual property. Through this arrangement with Gemstar-TV Guide we have made deployment of TiVo even more seamless for our growing portfolio of international partners.â€
Financial terms of the agreement were not disclosed.