Rovi Corp. enters patent agreement with Google

Rovi holds more than 5,200 issued or pending patents world-wide.

Aug. 2, 2012, Rovi Corp. ROVI +2.11% said its patent portfolio will be licensed for Google Inc.'s GOOG -0.84% new Fiber Pay-TV service under a multi-year patent licensing agreement between the two companies.

The entertainment data and technology company said the agreement provides a license under its interactive program guide patent portfolio for set-top boxes and online and mobile platforms. Rovi holds more than 5,200 issued or pending patents world-wide.

"Our agreement with Google continues the growth and relevance of our patent licensing program for not only traditional platforms, but also new media experiences across multiple screens," said Rovi Executive Vice President Samir Armaly.

Last week, Google said it will begin offering high-speed Internet and TV service in Kansas City, Mo., and Kansas City, Kan., later this year, thrusting the Web-search giant into competition with telecom companies. Google has said its fiber Internet speed is around 100 times faster than speeds at most U.S. homes.

The high-profile initiative, announced in February 2010, has suffered from some delays as Google worked to prepare its offering, lay fiber-optic cables, and line up deals with media companies to offer video service to residents.

Rovi shares closed at $13.41 Wednesday and were inactive premarket. The stock is off 53% over the past three monhts.

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