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Rovi and Sharp Sign Worldwide License Agreement for Rovi Entertainment Discovery and Guidance Technologies

Company Release - 11/1/2011 8:30 AM ET

SANTA CLARA, Calif., Nov. 1, 2011 (GLOBE NEWSWIRE) -- Rovi Corporation (Nasdaq:ROVI) announced today the signing of a multi-year license agreement for Rovi guidance solutions including Rovi TotalGuide™, G-Guide® and its interactive program guide (IPG) patent portfolio with Sharp Corporation, the leading consumer electronics brand in Japan, for Sharp television, players and recorders worldwide.  

"We are pleased to continue our collaboration with Sharp through this licensing agreement for Rovi entertainment discovery and guidance solutions as well as our IPG patent portfolio," said Thomas Carson, executive vice president of sales and marketing, Rovi. "Our agreement with Sharp demonstrates the advanced capabilities that our technologies and intellectual property can provide to leading CE manufacturers in the digital entertainment ecosystem."

Rovi guidance solutions include TotalGuide, an advanced media guide that unifies search, discovery and recommendations to provide consumers with one destination where they can access content seamlessly from the Internet and from broadcast services. Rovi G-Guide is Rovi's electronic programming guide for Japan, covering all terrestrial and satellite data broadcasting.

About Sharp Corporation

Sharp Corporation is a worldwide developer of innovative products and core technologies that play a key role in shaping the future of electronics. As a leader in liquid crystal displays (LCDs) and digital technologies, Sharp offers one of the broadest and most advanced lines of consumer electronics, information products and electronic components, while also creating new network businesses.

Sharp Corporation employs 65,100 people in the world (as of August 31, 2011) and recorded consolidated annual sales of 3,021,973 million yen for the fiscal year ended March 31, 2011. 

For more information, please visit Sharp's Web site at http://sharp-world.com/index.html.

About Rovi Corporation

Rovi Corporation is focused on revolutionizing the digital entertainment landscape by delivering solutions that enable consumers to intuitively connect to new entertainment from many sources and locations. The company also provides extensive entertainment discovery solutions for television, movies, music and photos to its customers in the consumer electronics, cable and satellite, entertainment and online distribution markets. These solutions, complemented by industry leading entertainment data, create the connections between people and technology, and enable them to discover and manage entertainment in an enjoyable form.

Rovi holds over 5,100 issued or pending patents worldwide and is headquartered in Santa Clara, California, with numerous offices across the United States and around the world including Japan, Hong Kong, Luxembourg, and the United Kingdom. More information about Rovi can be found at http://www.rovicorp.com/.

The Rovi Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6482

Forward Looking Statements

All statements contained herein that are not statements of historical fact, including statements that use the words "will" or "is expected to," or similar words that describe the Company's or its management's future plans, objectives, or goals, are "forward-looking statements" and are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to be materially different from the historical results and/or from any future results or outcomes expressed or implied by such forward-looking statements. Such factors are further addressed in the Company's most recent report on Form 10-Q for the period ended June 30, 2011 and such other documents as are filed with the Securities and Exchange Commission from time to time (available at www.sec.gov). The Company assumes no obligation to update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release, except as required by law.

CONTACT: Chris Taylor
         Rovi Corporation
         408-562-3077
         Chris.D.Taylor@rovicorp.com

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Source: Rovi Corporation