Verizon renews patent licence deal with Rovi

Verizon Communications has signed a multi-year patent licence renewal with Rovi that is due to run “into the next decade”.

Announcing the deal, Rovi said that it now has eight of the top 10 US pay TV providers under license, with six of those having entered into new or renewal agreements in the last year and a half.

“Our patent license renewal with Verizon further confirms the significant value of Rovi’s intellectual property portfolio, particularly in the US pay TV market,” said Samir Armaly, executive vice president, intellectual property and licensing, Rovi.