Rovi Corporation (NASDAQ: ROVI) announced today that it has priced $400 million aggregate principal amount of 2.625% convertible senior notes due 2040. The notes will be sold to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The Company also granted the initial purchasers of the notes an option to purchase up to an additional $60 million aggregate principal amount of notes solely to cover over-allotments. The sale is expected to close on March 17, 2010, subject to customary closing conditions.
Rovi Corporation (NASDAQ: ROVI) announced today that it proposes to offer $400 million aggregate principal amount of convertible senior notes, subject to market conditions and other factors. The notes would be due in 2040 and are to be offered and sold to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The notes would first become redeemable by the Company, and can be put to the Company by holders thereof, on February 20, 2015. The Company also intends to grant to the initial purchasers of the notes an option to purchase up to an additional $60 million aggregate principal amount of notes solely to cover over-allotments.
Rovi Corporation (NASDAQ: ROVI) announced today that the Internal Revenue Service (“IRS”) has completed its review under its Pre-Filing Agreement Program of the tax loss recognized from the Company’s December 2008 divestiture of TV Guide Magazine. The Company and the IRS executed a closing agreement which confirmed that the Company recognized an ordinary tax loss of approximately $2.4 billion from the TV Guide Magazine sale.
Rovi Music broadens support of applications for online services, service providers and CE devices
Rovi Corporation (NASDAQ: ROVI) announced today a new music data offering that combines music metadata from its AMG and Muze services, creating a superset of data from both acquisitions. The new database, Rovi Music, is a single data source that provides multiple forms of data to support variety of devices and services across online services, service providers, and consumer electronic platforms, such as websites, social networking sites, mobile, PC and embedded applications. Rovi Music streamlines the delivery process for integrating high quality, consistent information to inform and influence consumers as they discover and experience music.
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.
Rovi Corporation (NASDAQ: ROVI) and STRONG, a leading provider of set-top boxes in Europe, today announced that they have entered into a license agreement for interactive program guide (IPG) patents owned by Rovi.
Rovi Corporation (NASDAQ: ROVI), announced today, fourth quarter 2009 revenues of $138.0 million, compared to $118.2 million for the fourth quarter of 2008. Fourth quarter 2009 GAAP net income was $2.6 million, compared to a net loss of $211.2 million for the fourth quarter of 2008. GAAP diluted net income per common share for the quarter was $0.02, compared to a loss per common share of $2.07 for the fourth quarter of 2008.
Samsung Boosts Music Stores and Mobile Phones Worldwide with Rovi’s Music Data and LASSO Solutions
Rovi Corporation (NASDAQ: ROVI) announced today that Samsung will use Rovi’s media recognition technologies to facilitate finding and purchasing content in its PC Applications worldwide. Samsung has signed an agreement with Rovi for the use of both its music metadata and LASSO media recognition solutions.
The Combination of FourthWall’s ETV Platform and TV Widgets® with Rovi’s Guide Offers Service Providers a Solution for Standards-Based Interactive Television and Applications
FourthWall Media (formerly Biap) and Rovi Corporation (NASDAQ: ROVI) today announced that they have signed an agreement to offer an Enhanced Television (ETV) solution to many of Rovi’s Interactive Program Guide customers throughout North and South America. In 2010, Rovi will begin to offer an integrated ETV Platform, including FourthWall Media’s EBIF User Agent, ETV Server, and TV Widgets® as part of Rovi’s guide solutions.
Agreement Marks Growth of Rovi’s International Licensing Program
Rovi Corporation (NASDAQ: ROVI) and Austar United Communications Limited (“AUSTAR”, ASX: AUN) today announced that they have entered into a multi-year license agreement for interactive program guide (IPG) patents owned by Rovi.
Rovi Corporation (Nasdaq: ROVI - News) announced today that it will release its financial results for the fourth quarter of fiscal 2009 on February 11, 2010 after the close of market.
Content from Showtime Network, ZillionTV and Others Planned to be Available through Rovi’s TotalGuide™ for Home Entertainment Devices
In a world where home media is expanding beyond traditional broadcast TV to include renting and purchasing content from Internet based providers, the ability to browse, search and discover entertainment content is crucial. Rovi Corporation (NASDAQ: ROVI) today announced that it plans to add content from Showtime Networks and ZillionTV to its media guide solution for centralizing access to content from the Internet on the TV. This announcement expands upon the previously announced agreements with Blockbuster Inc. (NYSE: BBI, BBI.B) and CBS, broadening the amount of content available through Rovi’s TotalGuide™, which is now expected to include major motion pictures, network content and popular TV shows from content providers throughout North America. In a separate release Rovi also announced it is collaborating with 15 content providers throughout Europe.
This week during the 2010 International Consumer Electronics Show at an invitation-only exhibit at Caesars Palace, Rovi Corporation (NASDAQ: ROVI) will unveil an early version of its highly-advanced media guide that unifies access to broadcast, premium, Internet-based and personal content. Rovi’s TotalGuide™ will incorporate content from leading entertainment services, with plans for Showtime Networks and ZillionTV in North America and major broadcasters ZDF, Five, ARD-Tagesschau, Das Vierte, and NRJ-12 in Europe, among others within the regions.
Rovi’s TotalGuide™ will be able to Connect to A Deep Collection of Content Across Multiple Countries
Rovi Corporation (NASDAQ: ROVI) today announced that it has strengthened its next generation media guide solution for the European market with the inclusion of Internet-based content from 15 individual content providers across Germany, France and the United Kingdom. This news follows Rovi’s earlier announcement today that additional digital content will be available through Rovi’s TotalGuide™ from a number of industry leading content providers in North America.
