Rovi Corp. (ROVI), the patent licensing company run by CEO Tom Carson, said it has renewed its worldwide license agreement with Sony Corp.
The multi-year agreement continues to provide Sony with a license to use Rovi's entertainment discovery patent portfolio for its consumer electronics devices worldwide.
The renewal of the Sony license comes a week after Rovi renewed a seven-year license with AT&T.
Rovi's patents power entertainment discovery to help consumers navigate content across multiple screens and devices. With more than 5,000 issued or pending patents worldwide, Rovi's extensive entertainment discovery patent portfolio covers a wide range of digital entertainment capabilities including interactive program guides, search and recommendations, and multi-screen experiences that power personalized entertainment.
Shares of Rovi gained 91 cents or 5.74% to $16.77 in midday trading. They’ve traded between $8.01 and $26.44 over the past year.
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