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Technology Stocks : Rovi Corporation (ROVI)

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From: JakeStraw10/14/2009 4:13:47 PM
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Rovi Announces Multi-year Agreement With RCN to License Rovi's Passport Guide and Television Data
finance.yahoo.com

Extends Long-Term Customer Commitment to Rovi Demonstrating Value of Interactive Program Guides to Digital Television

Tuesday October 13, 2009

SANTA CLARA, Calif., Oct. 13, 2009 (GLOBE NEWSWIRE) -- Rovi Corporation (Nasdaq:ROVI) today announced that RCN, a leading broadband services provider delivering all-digital and high definition video, high-speed internet and premium voice services, has renewed its multi-year agreement to license Rovi's Passport(R) Guide software, applications and television data.

In addition, the agreement will enable RCN to transition to Rovi television data, which provides data for more than 2.5 million programs, with that list growing daily. With more than 50 years of television data experience, Rovi's television data provides insightful program descriptions, rich media content, celebrity biographies and TV schedules to connect consumers to their favorite programs and help them discover new ones.

Rovi's Passport(R) Guide is a high resolution interactive application suite created to support Motorola, Cisco and other compatible set-top boxes. RCN selected Rovi to provide its customers with an advanced digital entertainment experience that includes the latest Passport(R) Guide release enhancements:

* Attractive new high resolution display graphics and fonts for
Motorola DCT2500, DCT700 and other set tops boxes for an improved
visual experience
* Automatic tuning to an HD channel when a consumer is tuned to a
standard definition channel and a high definition channel is
available
* The ability to recover previously deleted DVR recordings with the
new Lost & Found feature
* New search and discovery capabilities that make it easier for
consumers to discover more about their favorite shows, actors and
directors
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