01.04.2016 14:18:48
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Rovi Files Patent Infringement Lawsuit Against Comcast - Quick Facts
(RTTNews) - Rovi Corp. (ROVI) said it has filed a patent infringement lawsuit against cable television giant Comcast Corp. (CMCSA, CMCSK) in the Eastern District of Texas, Marshall Division.
In its filings today, Rovi said it asserts infringement by Comcast, together with its set-top box suppliers, of 14 U.S. patents that together deliver the most important features to Comcast customers. According to Rovi, these features include, for example, the way that Comcast implements remote recording, AnyRoom DVR and X1 search.
Rovi is seeking both an injunction barring continued infringement and damages to compensate it for the harm inflicted by that infringement.
Tom Carson, president and CEO of Rovi said, "For over a decade, Comcast built its business using Rovi's patented technology, which it licensed for a fixed term. Comcast's decision to continue using Rovi's pioneering technology as an unlicensed infringer is simply intolerable. After numerous attempts at negotiations, Rovi was left with no choice but to defend its intellectual property from unlicensed use."
Rovi said it has not changed its financial estimates for 2016, which were issued on February 11, 2016 and anticipated possible litigation with Comcast. The company's estimates planned for legal expenses and excluded any licensing or advertising revenues from Comcast after March 31, 2016.
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Comcast Corp. (Class A) | 35,57 | -0,10% |