TiVo Corporation
Formerly |
|
---|---|
Company type | Public |
Nasdaq:TIVO | |
Industry |
|
Predecessor | TiVo Inc. |
Founded | 1983 |
Founders |
|
Defunct | May 29, 2020 |
Fate | Merged withXperi |
Successor | Xperi |
Headquarters | , U.S. |
US$826,456,000[1](December 31, 2017) | |
Total assets | US$3,163,678,000 (December 31, 2017) |
Number of employees | 1,700+ (2017) |
Website | tivo |
TiVo Corporation,formerly known as theRovi CorporationandMacrovision Solutions Corporation,was an American technology company headquartered inSan Jose, California.Now operating asXperi,the company is primarily involved in licensing itsintellectual propertywithin theconsumer electronicsindustry, includingdigital rights management,electronic program guidesoftware, andmetadata.The company holds over 6,000 pending and registeredpatents.[2]The company also provides analytics and recommendation platforms for the video industry.
In 2016, Rovi acquireddigital video recordermakerTiVo Inc.,and renamed itself TiVo Corporation. On May 30, 2019,TiVoannounced the appointment of Dave Shull as the company's new president and CEO.
On December 19, 2019, TiVo merged withXperi;[3]the combined firm operates as Xperi.[4]
History
[edit]Macrovision Corporation was established in 1983 by Victor Farrow and John O. Ryan. The 1984 filmThe Cotton Clubwas the first video to be encoded with Macrovision technology when it was released in 1985.[5]The technology was subsequently extended toDVD playersand other consumer electronic recording and playback devices such as digital cable and satelliteset-top boxes,digital video recorders,andportable media players.By the end of the 1980s, most major Hollywood studios were utilizing their services.[6]
In the 1990s, Macrovision acquired companies with expertise in managing access control and secure distribution of other forms of digital media, including music, video games, internet content, and computer software.
Ryan (founder and CEO of Macrovision from June 1995 to October 2001) and William A. Krepick (president of Macrovision Corporation from July 1995 to July 2005 and CEO from October 2001 to July 2005)[7]led the company through anIPOin 1997 priced at $9.00 a share. Under their leadership, the company went from a private company with sales of under $20 million to a global, publicly traded corporation with annual sales of $220 million andmarket capexceeding $1 billion.[8]
In July 2005, the company hired Alfred J. Amoroso as chief executive officer and president to succeed William A. Krepick, who announced his retirement earlier in the year.[9]
Macrovision acquiredGemstar-TV Guideon May 2, 2008, in a cash-and-stock deal worth about $2.8 billion. The combined company would seek to be “the homepage for the TV experience,” said Mr. Amoroso.[10]
After the announcement of its intent to buyGemstar-TV Guide,Macrovision made other changes in order to focus on entertainment technology, including selling its software business unit, valued at approximately $200 million, to private equity firmThoma Cressey Bravo.The divestiture of the software business unit closed on April 1, 2008, becomingAcresso Software.Macrovision also ultimately sold off parts of Gemstar-TV Guide not focused on digital entertainment, includingTryMedia,eMeta,TV Guide Magazine,TV Guide Networkand theTV Games Network.
The company also bought two companies providing entertainment metadata:All Media Guideon November 6, 2007, and substantially all the assets ofMuze, Inc.on April 15, 2009.
As Rovi
[edit]On July 16, 2009, Macrovision Solutions Corporation announced the official change of its name to Rovi Corporation.
Rovi announced its first product on January 7, 2010 – TotalGuide, an interactive media guide that incorporated entertainment data, to search, browse and provide recommendations.[11]On March 16, 2010, Rovi acquired MediaUnbound for an undisclosed amount. MediaUnbound had helped build static and dynamic personalization and recommendation engines for clients such as Napster, eMusic and MTV Networks.[12]On June 16, 2010, the company announced the Rovi Advertising Network which bundled guide advertising and third-party interactive TV platforms.[13]
On December 23, 2010, the company announced its intention to acquireSonic Solutionsand itsDivXvideo software in a deal valued at $720 million. Sonic provided digital video processing, playback and distribution technologies and owned RoxioNow (formerly CinemaNow) an OTT technology provider.[14][15]
On March 1, 2011, Rovi announced its acquisition of online video guideSideReel.[16]
The company announced Amoroso's intention to retire on May 26, 2011.[17]Tom Carson, formerly the executive vice president of sales and marketing, was appointed CEO and President in December 2011.[18]Under Carson the company shifted its focus on "growth opportunities related to its core enabling technology and services" and it announced that it intended to sell the Rovi Entertainment Store business.[19]It entered into separate agreements to sell the Rovi Entertainment Store to Reliance Majestic Holdings, a private equity-backed company; and its consumer websites to All Media Networks, a new company, in July 2013.[20]Continuing on this path, the company made a similar announcement in January 2014 indicating its intent to sell the DivX and MainConcept businesses.
On April 1, 2013, Rovi acquired Integral Reach, a provider of predictive analysis services. The technology would be integrated into Rovi's audience analysis services.[21]
In April 2013,Facebookbegan licensing Rovi metadata for use within the service.[22]
As TiVo Corporation
[edit]On April 29, 2016, Rovi Corporation announced that it had acquiredTiVo Inc.for $1.1 billion. The combined company operated under the TiVo brand, and held over 6,000 pending and registered patents.[2][23]Rovi plans to discontinue in-house hardware production, and focus primarily on licensing its technologies and the TiVo brand to third-party companies.[24]
In December 2019, TiVo Corporation announced their intent to merge withXperi.The surviving entity will operate under the Xperi name and have a combined value of $3 billion. TiVo had previously considered splitting out its hardware operations from its licensing operations.[25]The merger was completed on June 1, 2020.[26]
In August 2022, TiVo announced the TiVo OS for smart TVs[27]launching in 2023 in Europe[28]withVestel.
Products
[edit]Guides
[edit]Rovi provides guides for service providers and CE manufacturers.
- TotalGuide xD, a white-label media guide for mobile devices for finding, managing, and watching TV shows and movies. This also controlled the set top boxes.
- TotalGuide CE, a media guide for CE manufacturers that gives access to broadcast programming, premiumover-the-top(OTT) entertainment, andcatch-up TV
- Passport Guide and i-Guide, interactive program guides for service providers
- G-Guide, anHTML5-based program guide for digital terrestrial, broadcast satellite, and commercial satellite services
- TotalTV, an online guide enabling websites for news and entertainment organizations to incorporate local TV listings
- Rovi DTA Guide, an interactive program guide designed for households installed withDigital terminal adapters
Data
[edit]Rovi provides entertainment metadata for consumer electronics manufacturers, service providers, retailers, online portals and application developers around the world. The company has over 50 years of metadata for video, music, books, and games covering more than 5 million movies and TV programs, 3.2 million album releases and 30 million song tracks, 9 million in-print and out-of-print book titles, and 70,000 video games.[citation needed]The metadata includes basic facts, local TV listings and channel line-ups for interactive program guides, original editorial, imagery, and other features.[29]
Search and Recommendations
[edit]Rovi Search Service allows consumer electronics manufacturers, service providers, and developers to provide solutions that enable consumers to search for and access desired content. Rovi Recommendations Service is a cloud-based service that offers consumers entertainment choices similar to their chosen program, movie, album, track, musician or band.
Advertising
[edit]Rovi Advertising Service enables the monetization of entertainment platforms. It places ads that appear as content choices in application menus and user interfaces for set-top boxes, connected TVs, smartphones, tablets,Blu-rayplayers, game consoles and other devices.[citation needed]
Rovi Audience Management
[edit]Rovi Audience Management is a suite of products (Advertising Optimizer and Promotion Optimizer) combining big data withpredictive analyticsto provide TV audience insights and advertising campaign management. Ad Optimizer allows provides campaign management and media planning capabilities to TV networks and multichannel video programming distributors (MVPDs). Promo Optimizer uses past viewing data to enable cable and broadcast networks to create plans for on-air promos.[30]
Legacy products
[edit]The company historically developed technologies and products that helped protect content from being pirated. Its two core legacy products were called RipGuard and the Analog Protection System (APS).
RipGuard
[edit]Macrovision introduced its RipGuard technology in February 2005. It was designed to prevent or reduce digital DVD copying by altering the format of the DVD content to disrupt the ripping software. Although the technology could be circumvented by several current DVD rippers such asAnyDVDor DVDFab, Macrovision claimed that 95% of casual users lack the knowledge and/or determination to be able to copy a DVD with RipGuard technology.[31]
Analog Protection System
[edit]The Analog Protection System (APS), also known as Analog Copy Protection (ACP), Copyguard or Macrovision, was the Macrovision Corporation's flagship product, acopy protectionsystem for bothVHSandDVD.Video tapes copied fromDVDsencoded with APS become garbled and unwatchable. The process works by adding pulses to analog video signals to negatively impact theAGCcircuit of a recording device. In digital devices, changes to the analogvideo signalare created by a chip that converts the digital video to analog within the device. InDVD players,trigger bits are created duringDVD authoringto inform the APS that it should be applied to DVD players' analog outputs or analog video outputs on aPCwhile playing back a protected DVD-Video disc. Inset top boxestrigger bits are incorporated intoConditional AccessEntitlement Control Messages (ECM) in the stream delivered to the STB. In VHS, alterations to the analog video signal are added in aMacrovision-provided "processor box" used by duplicators.
As Macrovision
[edit]- In 2000, Macrovision acquired Globetrotter, creators of theFLEXlm,which was subsequently renamedFlexnet.[32]
- In 2002, Macrovision acquiredIsraelicompany Midbar Technologies, developers of theCactus Data Shieldmusic copy protection solution for $17 million. Additionally the same year, Macrovision acquired all the music copy protection and digital rights management (DRM) assets of TTR Technologies (formerly NASDAQ listed under the ticker TTRE).[33]
- In 2004, Macrovision acquiredInstallShield,creators of installation authoring software (laterdivestedtoprivate equity).
- In 2005, Macrovision acquired theintellectual propertyrights toDVD Decrypterfrom its developer.[34]
- In 2005, Macrovision acquired ZeroG Software, creators ofInstallAnywhere(direct competition to InstallShield MP (MultiPlatform)), andTrymedia Systems.
- In 2006, Macrovision acquiredeMeta.
- On January 1, 2007, Macrovision acquired Mediabolic, Inc.[35]
- On November 6, 2007, Macrovision announced its intention to acquireAll Media Guide.[36]
- On December 7, 2007, Macrovision announced an agreement to acquireGemstar-TV Guide[37]and completed the purchase on August 5, 2008.
- On December 19, 2007, Macrovision purchasedBD+DRMtechnology fromCryptography Research,Inc.
- On April 15, 2009, Macrovision announced that it has acquired substantially all of the assets ofMuze,Inc.[38]
As Rovi
[edit]- On March 16, 2010, Rovi acquired Recommendations Service MediaUnbound.[39]
- On December 23, 2010, Rovi announced its intention to acquireSonic Solutions.[40]
- On March 1, 2011, Rovi acquiredSideReel.[41]
- On May 5, 2011, Rovi acquired DigiForge.[42]
- In 2012, Rovi acquired Snapstick.
- In February 2012, Rovi soldRoxiotoCorel.[43]
- On April 1, 2013, Rovi acquired Integral Reach.[44]
- On February 25, 2014, Rovi acquiredVeveo.[45]
- On November 3, 2014, Rovi acquired Fanhattan, a company that ran the Fan TV service, and owners of The Movie Database,[46]for $12.0 million in cash.[47]
- On April 29, 2016, Rovi confirmed that it would acquireTiVofor approximately $1.1 billion.[48]
See also
[edit]References
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- ^ab"From TV trailblazer to IP afterthought: TiVo bought for $1.1 billion".Ars Technica.Conde Nast Digital. April 29, 2016.Archivedfrom the original on April 30, 2016.RetrievedApril 29,2016.
- ^Gartenberg, Chaim (December 19, 2019)."TiVo to merge with Xperi to create" one of the largest licensing companies in the world "".The Verge.Archivedfrom the original on December 25, 2019.RetrievedDecember 27,2019.
- ^Dec. 2019/completed June 2020Todd Spangler (December 19, 2019)."TiVo to Merge With Entertainment-Tech Firm Xperi in $3 Billion Deal".
- ^De Atley, Richard (September 7, 1985)."VCRs put entertainment industry into fast-forward frenzy".The Free Lance-Star.Associated Press. pp. 12–TV.Archivedfrom the original on April 4, 2020.RetrievedJanuary 25,2015.
- ^Decherney, Peter (2012)."Hollywood's Copyright Wars: From Edison to the Internet"(PDF).Columbia University Press. p. 180.
- ^"John Ryan: Executive Profile & Biography".Businessweek.Archived fromthe originalon March 5, 2014.RetrievedApril 29,2016.
- ^"William A. Krepick: Executive Profile & Biography – Businessweek".Bloomberg.RetrievedApril 29,2016.
- ^"Macrovision Appoints Alfred J. Amoroso as President and Chief Executive Officer; William A. Krepick Appointed Vice-Chairman of the Board | Business Wire".Businesswire(Press release).Archivedfrom the original on May 13, 2016.RetrievedApril 29,2016.
- ^Stelter, Brian (December 8, 2007)."Macrovision Agrees to Buy Gemstar-TV Guide for $2.8 Billion in Stock and Cash".The New York Times.ISSN0362-4331.Archivedfrom the original on March 27, 2016.RetrievedApril 29,2016.
- ^"Rovi Showcases Early Version of Media Guide and Solutions Portfolio for Digital Home Entertainment Products during CES 2010".Rovicorp.Archivedfrom the original on March 7, 2016.RetrievedApril 29,2016.
- ^Lawler, Ryan (March 16, 2010)."Rovi Acquires Media Recommendation Firm MediaUnbound".gigaom.Archivedfrom the original on March 5, 2016.RetrievedApril 29,2016.
- ^"Rovi Launches Advertising Network with Broad Reach into Multiple Platforms".Rovicorp.Archivedfrom the original on March 4, 2016.RetrievedApril 29,2016.
- ^"Rovi announces agreement to acquire Sonic Solutions for $720 million".Engadget.Archivedfrom the original on May 6, 2016.RetrievedApril 29,2016.
- ^"Rovi to buy Sonic for $720 million".CNET.Archivedfrom the original on March 5, 2014.RetrievedApril 29,2016.
- ^Roettgers, Janko (March 1, 2011)."Rovi Buys Sidereel, Expands to the Web".gigaom.Archivedfrom the original on March 6, 2016.RetrievedApril 29,2016.
- ^"Rovi Corp. (ROVI) CEO Amoroso to Retire".StreetInsider.Archivedfrom the original on March 3, 2016.RetrievedApril 29,2016.
- ^"Rovi Promotes Thomas Carson to CEO | InteractiveTV Today".itvt.Archivedfrom the original on March 5, 2016.RetrievedApril 29,2016.
- ^"Rovi Announces Intent to Pursue Sale of Rovi Entertainment Store Business and Narrows Estimates Range for Fiscal 2012".GlobeNewswire News Room(Press release). January 3, 2013.Archivedfrom the original on March 5, 2016.RetrievedApril 29,2016.
- ^"Rovi Corporation Reports Second Quarter 2013 Financial Performance".MarketWatch.Archivedfrom the original on March 4, 2016.RetrievedApril 29,2016.
- ^"5 Notable Rovi Acquisitions Before TiVo".Broadcasting and Cable.April 29, 2016.Archivedfrom the original on November 9, 2016.RetrievedNovember 9,2016.
- ^Yeung, Ken (April 16, 2013)."Facebook Partners With Rovi To Bring In-Depth Video Content To Users".The Next Web.Archivedfrom the original on May 29, 2016.RetrievedApril 29,2016.
- ^Picker, Leslie (April 29, 2016)."Rovi Buys TiVo in $1.1 Billion Deal".The New York Times.Archivedfrom the original on May 2, 2016.RetrievedApril 29,2016.
- ^Brodkin, Jon (June 6, 2016)."TiVo's new owner isn't that interested in making set-top boxes".Ars Technica.Archivedfrom the original on June 7, 2016.RetrievedJune 6,2016.
- ^Spangler, Todd (December 19, 2019)."TiVo to Merge With Entertainment-Tech Firm Xperi in $3 Billion Deal".Variety.Archivedfrom the original on December 19, 2019.RetrievedDecember 19,2019.
- ^"Xperi and TiVo Complete Merger".businesswire.June 1, 2020.Archivedfrom the original on July 19, 2020.RetrievedJuly 19,2020.
- ^Fletcher, Bevin (August 31, 2022)."Xperi reveals Europe's Vestel as first TiVo smart TV OS customer".Fierce Video.RetrievedMay 22,2023.
- ^Newman, Jared (January 31, 2023)."You might actually want a TiVo TV someday".TechHive.RetrievedMay 22,2023.
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- ^Fields, Anna."Rovi To Acquire TiVo. Strategic Fit Or A Synergy Play?".Forbes.Archivedfrom the original on October 9, 2019.RetrievedOctober 9,2019.
- ^"RipGuard DVD – DVD Copy Protection and DVD Encryption Software Protection – Rovi".Rovicorp.Archivedfrom the original on May 29, 2010.RetrievedMay 24,2010.
- ^"Macrovision Completes Acquisition of GLOBEtrotter Software".Business Wire.September 1, 2000.Archivedfrom the original on July 25, 2013.RetrievedJanuary 13,2012.
- ^"Macrovision moves to acquire Midbar group".MusicWeek.November 11, 2002.Archivedfrom the original on March 24, 2021.RetrievedJanuary 13,2012.
- ^"DVD Decrypter to be removed".AfterDawn. November 24, 2005.Archivedfrom the original on March 9, 2009.RetrievedMay 24,2010.
- ^"Rovi-Acquires-Mediabolic-For-$43,500,000".VentureDeal. January 3, 2007.Archivedfrom the original on November 27, 2011.RetrievedJanuary 14,2012.
- ^"Press Releases – Next Generation Media Guide – Rovi".Rovicorp. Archived fromthe originalon October 8, 2011.RetrievedJanuary 14,2012.
- ^"Macrovision Agrees to Acquire Gemstar-TV Guide.:: Rovi".Bloobble.Archivedfrom the original on November 27, 2011.RetrievedJanuary 14,2012.
- ^Kaplan, David (April 15, 2009)."Macrovision Buys Metadata Provider Muze For $16.5 Million".paidContent.Archivedfrom the original on December 14, 2011.RetrievedJanuary 14,2012.
- ^Ali, Rafat (March 16, 2010)."Rovi Acquires Recommendations Service MediaUnbound".paidContent.Archivedfrom the original on December 30, 2011.RetrievedJanuary 14,2012.
- ^"Rovi announces agreement to acquire Sonic Solutions for $720 million".Engadget.Archivedfrom the original on February 4, 2012.RetrievedJanuary 14,2012.
- ^"Rovi Acquires SideReel – Launches AllRovi: An Immersive and Interactive Film and Music Site for Entertainment Fans".Appmarket.tv. March 1, 2011. Archived fromthe originalon March 5, 2011.RetrievedJanuary 14,2012.
- ^Jim Barthold (May 6, 2011)."Rovi acquires DigiForge, reportedly to improve cable visibility".FierceCable.Archivedfrom the original on November 27, 2011.RetrievedJanuary 14,2012.
- ^"Corel completes acquisition of Roxio from Rovi Corporation".Private Equity Wire.Global Fund Media Ltd.Archivedfrom the original on December 3, 2019.RetrievedDecember 3,2019.
- ^"Rovi Debuts Entertainment Analytics, Big Data for Multiscreen".Streaming Media Magazine.June 3, 2013.RetrievedNovember 28,2023.
- ^"Video Discovery Specialist Rovi Acquires Voice Search Startup Veveo For Up To $69 Million".TechCrunch.Archivedfrom the original on March 24, 2021.RetrievedMarch 5,2021.
- ^Schonfeld, Erick (December 16, 2010)."Fanhattan Promises Better Internet TV Through The Power Of Data (TCTV)".TechCrunch.RetrievedJanuary 4,2024.
- ^"Rovi Acquires Content Discovery and Navigation Innovator Fanhattan".rovi. November 3, 2014.Archivedfrom the original on November 6, 2014.RetrievedNovember 3,2014.
- ^Snider, Mike (April 29, 2016)."Rovi acquires DVR company TiVo".USA TODAY.Archivedfrom the original on April 30, 2016.RetrievedApril 29,2016.
Additional sources
[edit]- Fil's FAQ-Link-In Corner: MacroVision FAQArchived2003-02-07 at theWayback Machine
- MPAA | DVD Frequently Asked QuestionsArchived2006-09-03 at theWayback Machine
- Columbia ISA: Macrovision DetailsArchived2007-09-29 at theWayback Machine
- Macrovision Agrees to Sell Software UnitArchived2021-03-24 at theWayback Machine(expired link)
- Realnetworks Acquires Game Distributor From MacrovisionArchived2008-03-02 at theWayback Machine
- Adobe LM Service – Adobelmsvc.exe – Program Information(archive)
- Rovi Acquires DigiForgeArchived2011-05-08 at theWayback Machine
- Rovi Corporation Appoints Thomas Carson as President and Chief Executive OfficerArchived2018-09-15 at theWayback Machine
External links
[edit]- Official website
- Historical business data for TiVO Corporation:
- SEC filings
- Manufacturing companies based in San Jose, California
- Companies formerly listed on the Nasdaq
- Technology companies established in 1983
- American companies established in 1983
- Technology companies disestablished in 2020
- American companies disestablished in 2020
- Digital technology
- TiVo
- Xperi
- 1997 initial public offerings
- 2020 mergers and acquisitions