Rovi, DISH Network Sign 10-Year Intellectual Property License Deal - Quick Facts

(RTTNews) - Rovi Corp.(ROVI), which provides on-screen guides for pay-TV listings, announced Monday that it signed a 10-year patent renewal license agreement with DISH Network L.L.C., a subsidiary of DISH Network Corp. (DISH).

In addition, this agreement will continue DISH's license to Rovi's Conversation Services natural language platform, as well as other Rovi products.

The patent license renewal is subject to certain contingencies relating to the closing of Rovi's acquisition of TiVo Inc., which is expected to become effective on September 7. The TiVo deal is subject to obtaining the approval of the TiVo and Rovi stockholders and satisfaction of other customary closing conditions.

Tom Carson, president and CEO of Rovi, said, "Our renewal with DISH further validates the long-term value and relevance of our intellectual property portfolio, reinforcing the importance of Rovi's intellectual property (IP) with both traditional and next-generation pay-TV service providers. With this most recent renewal, Rovi now has nine of the top 10 U.S. pay-TV operators under license, with significant recent momentum, as seven of those agreements have been signed over the last seven quarters."