By Lisa Johnston
New products on display at the American International Toy Fair, held in N
Santa Clara, Calif. — Rovi said Monday that it has entered into a definitive agreement to acquire Veveo, a provider of personalized entertainment discovery solutions based in Andover, Mass.
Rovi said it will pay approximately $62 million in net cash at the closing and up to $7 million in additional cash payments based on achievement of certain agreed-upon milestones.
This TWICE webinar, hosted by senior editor Alan Wolf, will take a look at what may be the hottest CE products at retail that will be sold during the all-important fourth quarter. Top technologies, market strategies and industry trends will be discussed with industry analysts and executives.
Santa Clara, Calif. – Rovi said Thursday that its Rovi Video database of TV, movie and celebrity metadata, will deliver information and graphics to the OneGuide electronic TV program guide on Microsoft’s forthcoming Xbox One entertainment console.
The launch is a part of a larger initiative that is to include Rovi Video on Xbox One in multiple countries, enabled by the multi-region, multi-format data Rovi is providing for TV, tablets and mobile phones.
Santa Clara, Calif. – Content navigation system developer Rovi is gearing up to make oral commands a bigger part of its guide services as evidenced by a disclosure Wednesday that it has expanded its relationship with Nuance Communications for voice-activated guidance and content discovery applications.
Santa Clara, Calif. — Rovi and Toshiba are teaming up to launch a range of DTVs certified for DivX Plus Streaming content, the companies said Tuesday.
The new agreement is expected to increase the reach of Rovi's advanced adaptive streaming format and enable Toshiba DTVs to support high-quality entertainment services from such over-the-top (OTT) content providers as Knowhow Movies by Dixons Retail in the U.K.
Santa Clara, Calif. — Rovi turned a net profit on lower sales in its fourth quarter, ended Dec. 31, 2012.
Rovi reported fourth-quarter GAAP revenue of $157 million, compared with $174.3 million in the fourth quarter of 2011.
Fourth-quarter 2012 GAAP net income was $2.1 million, compared with a GAAP net loss of $49.3 million for the fourth quarter of 2011.
Last year’s fourth quarter included a $40.6 million impairment charge to reduce the carrying value of the intangible assets of the Roxio consumer software business to fair value less costs to sell.
Santa Clara, Calif. — If you have an older television, DVD recorder or other device that incorporates an analog version of an onscreen electronic program guide (EPG) from TV Guide, GuidePlus, TV Guide Onscreen or similar service managed by Rovi, you may have noticed your program data has disappeared in recent weeks.