Finance

TiVo Renews Liberty Global Deal

Multi-year agreement extends license of patents and other intellectual property 10/26/2017 11:34 AM Eastern

TiVo said it has renewed and extended its products agreement with Liberty Global, the Denver-based operator that serves cable and broadband customers across Europe and in parts of Latin America.

Financial terms of the agreement weren’t announced, but the deal also includes a multi-year extension to an intellectual property for TiVo’s patent portfolios that covers all Liberty Global subsidiaries. That includes Virgin Media, the U.K.-based MSO that has been using TiVo’s software and services platform as the centerpiece of its flagship video products.

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The deal salts away another important patent and IP deal for TiVo, which remains at odds with Comcast.

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“We have a long-standing, wide-ranging relationship with Liberty Global around the world as a trusted technology supplier,” Tom Carson, TiVo’s president and CEO, said in a statement. “Liberty Global’s expanded license helps them optimize entertainment experiences for their customers and underscores the value TiVo brings to modern TV and broadband leaders around the world.”

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