Rovi Corporation (NASDAQ: ROVI) today reported financial results for the third quarter ended September 30, 2014. The Company reported third quarter revenue of $128.6 million, an increase of 4.0% compared to $123.5 million in the third quarter of 2013. GAAP Operating income from continuing operations increased by 90.0%, to $20.0 million, compared to $10.5 million for the third quarter of 2013. GAAP Loss from continuing operations, net of tax, was $6.6 million, compared to $6.0 million GAAP Income from continuing operations, net of tax, for the third quarter of 2013. The third quarter of 2013 benefited from the release of $14.0 million in tax contingency reserves. Third quarter GAAP Diluted loss per share from continuing operations was $0.07, compared to GAAP Diluted income per share from continuing operations of $0.06 in the third quarter of 2013. After taking into consideration discontinued operations, the Company reported a third quarter GAAP Net loss of $7.0 million, compared to $11.5 million GAAP Net loss for the same quarter of 2013. Third quarter GAAP Diluted loss per share was $0.08, compared to GAAP Diluted loss per share of $0.12 in the third quarter of 2013.
Posted on November 06, 2014
Rovi Corporation, a leading provider of advanced entertainment discovery, data analytics, and monetization solutions, announced today that it has acquired Fanhattan, a venture-backed startup, in an all-cash transaction. Fanhattan pioneers innovative ways to discover media and entertainment on any screen, from any source, through its cloud-based Fan TV branded products.
Posted on November 03, 2014
Rovi Corporation (NASDAQ: ROVI) today announced that Bob Ivins has joined the company as senior vice president, business development. Mr. Ivins will be responsible for spearheading business development globally and managing strategic business opportunities for Rovi’s data and analytics assets. Mr. Ivins will be based at Rovi’s office in Radnor, Pennsylvania, reporting to Rovi Executive Vice President and COO John Burke.
Posted on October 15, 2014
Rovi Corporation (NASDAQ: ROVI) announced today that it plans to release its 2014 third quarter financial results on November 6, 2014.
Posted on October 15, 2014
Rovi Corporation (NASDAQ: ROVI) today announced that Kathy Weidman has joined the company as senior vice president and general manager, metadata. Effective immediately, Ms. Weidman will lead the metadata business group, overseeing product management, engineering and data operations. She will also continue to formulate and drive key strategies for growing Rovi’s metadata business. Reporting directly to Rovi’s Executive Vice President and COO John Burke, Ms. Weidman will be based out of the corporate offices in Radnor, Pennsylvania.
Posted on October 08, 2014
Rovi Corporation (NASDAQ: ROVI) today announced that Sean Matthews has joined the company as executive vice president, strategy and corporate development. Responsible for maximizing Rovi’s strategic growth opportunities, Mr. Matthews will work closely with the executive leadership team and business group leaders to spearhead market analyses and help define long-term product vision for the company. His responsibilities also include overseeing mergers and acquisitions, alliances and strategic partnerships, emphasizing both organic and inorganic growth initiatives. Reporting to President and CEO Tom Carson, Mr. Matthews will be based at Rovi’s corporate headquarters in Santa Clara, Calif.
Posted on October 06, 2014
Rovi Corporation (NASDAQ: ROVI) today announced that Yahoo has licensed Rovi Music, the company’s music database of rich information, editorial and multimedia content. Under the terms of the agreement, Yahoo may use Rovi Music enterprise wide including within its music services, search offerings, and developer APIs. Used worldwide to drive music discovery, consumption and commerce across multiple platforms, Rovi Music covers more than 3.3 million album releases and 30 million tracks.
Posted on September 30, 2014
Rovi Corporation (NASDAQ: ROVI) today announced the successful deployment of its guides on over half a million standard and high-definition digital terminal adapters (DTAs). As a result of commercial agreements with more than a dozen leading cable operators including Armstrong, and Cablevision Argentina, as well as successful collaborations with leading equipment manufacturers such as Arris, Evolution Digital and Pace, Rovi is now providing its multi-featured TV programming guide to cable households throughout the U.S. and Latin America.
Posted on September 23, 2014
Rovi Corporation (NASDAQ: ROVI) today revealed findings from a sponsored survey of pay-TV subscribers across the U.S., Germany, the U.K. and France. The purpose of the survey was to obtain insights into consumer attitudes and opinions regarding entertainment discovery and gain a better understanding of the importance of search and recommendations to TV viewing.
Posted on September 12, 2014
Rovi Corporation (NASDAQ: ROVI) today announced Canal Digital Kabel, a leading cable TV provider serving approximately half a million cable and FTTH (Fiber-to-the-Home) households in Norway, plans to standardize on Rovi Search and Recommendations Services for its “T-We” entertainment portal. The agreement marks the first European win for Rovi services based on the combination of Rovi and recently acquired Veveo technologies. Rovi’s intuitive and predictive search and recommendations capabilities will play an important role in making it easy for subscribers to quickly discover entertainment they’ll enjoy from Canal Digital Kabel’s extensive video-on-demand (VOD) catalog. Rovi will be showcasing Search and Recommendations Services at the International Broadcasting Convention (IBC) at Hall 5, Stand A31. IBC takes place in Amsterdam, September 12-16.
Posted on September 12, 2014