Rovi Exits GuideWorks JV

Rovi announced that it has expanded its relationship with Comcast to include Rovi’s enhanced entertainment products

March 1, 2010

1 Min Read

SANTA CLARA, Calif. -- Rovi Corporation (NASDAQ: ROVI) today announced that it has expanded its relationship with Comcast to include Rovi’s enhanced entertainment products as well as an expanded license under Rovi’s patents across mobile, online, and other Comcast distribution platforms. In addition, Rovi has exited its GuideWorks joint venture with Comcast and Comcast has become sole owner of GuideWorks. GuideWorks was formed in 2004 as a collaborative effort by the two companies to further develop an interactive program guide solution, now distributed by Rovi under its i-Guide brand.

“We are excited to expand our relationship with Comcast and delighted to be providing them our entertainment metadata across Comcast’s properties. We look forward to working with Comcast in improving the overall consumer experience,” said Fred Amoroso, President and CEO, Rovi. “Additionally, as we assessed our options, we realized that much has changed in the market since the formation of GuideWorks and as a result, we believe that now is an appropriate time to exit the venture, and realign our portfolio and investments towards solutions we have direct control over and can use across a broad set of platforms and markets.”

Rovi Corp.

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