Benzinga | Jul 7, 2021 08:08AM EDT

Xperi's TiVo Renews PAtent License With Google

Agreement highlights continued progress in OTT growth area for the Xperi IP Licensing Business

TiVo(r), a wholly owned subsidiary of Xperi Holding Corporation (NASDAQ:XPER) ("Xperi") today announced a long-term renewal of its patent license with Google. The renewal provides Google, who has been a licensee since 2012, with continued broad coverage under TiVo's patent portfolios.

"We are very pleased to conclude this agreement with Google, a world leader in OTT video with YouTube and Google TV, and a top 10 US Pay-TV provider with YouTube TV," said Samir Armaly, president, IP licensing of Xperi. "Google has always worked to bring content to the screen that's most convenient for users. This agreement illustrates the relevance of TiVo's innovations across all forms of video consumption, from linear to on-demand, and from traditional TV platforms to online and mobile."

TiVo has spent decades investing in research and development to create market-leading technologies broadly licensing them to the media and entertainment industry. TiVo's innovations make it easier for viewers to find, watch, and enjoy all their content across a multitude of platforms.