Benzinga | Jul 14, 2021 08:13AM EDT

Xperi Holding's TiVo Subsidiary Reports Extension, Expansion Of Intellectual Property License With Fox, No Terms Disclosed

TiVo(r), a wholly owned subsidiary of Xperi Holding Corporation (NASDAQ:XPER) ("Xperi"), and Fox Corporation (NASDAQ:FOXA, FOX))) today announced a long-term renewal of their patent license. The renewal provides Fox with continued and expanded coverage under TiVo's patent portfolios.

"We are very pleased to conclude this agreement with Fox, a producer and distributor of content through world-leading Fox brands," said Samir Armaly, president, IP licensing of Xperi. "Fox has always worked to bring compelling content to its customers and continues to expand its direct-to-consumer audiences and capabilities."

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.