San Carlos and Los Gatos, California – November 28, 2016 – Tivo Corporation (NASDAQ: TIVO), renowned globally for its innovations in entertainment technology and audience analytics, has announced a strategic licensing deal with Netflix (NASDAQ: NFLX), the leading online streaming service. This collaboration aims to enhance viewer experiences through integrated content delivery and technological advancements.

The partnership will see Tivo incorporating Netflix into its set-top boxes, which are distributed through select pay-TV providers and retail outlets. This integration promises users a seamless interface, including consolidated search functions and a dedicated Netflix button on remote controls, simplifying access to favorite shows and movies.

According to Bill Holmes, Netflix’s Global Head of Business Development, this partnership builds upon their longstanding relationship in streaming. He emphasizes that consumers will now enjoy the convenience of watching content across multiple devices with an intuitive, unified experience.

In addition to product integration, the companies have entered into an intellectual property licensing agreement. Netflix gains access to Tivo’s patent portfolio, along with licenses to patents from Intellectual Ventures related to over-the-top (OTT) streaming technology. This marks one of the initial licenses under the broader exclusive partnership with Intellectual Ventures announced earlier this year.

Tom Carson, Tivo’s CEO, highlighted that these agreements represent a significant milestone, especially as Tivo expands further into the OTT market. He underscores the company's commitment to delivering innovative solutions that help media providers adapt swiftly to the dynamic entertainment landscape, offering engaging and user-friendly experiences.

Netflix currently boasts over 86 million members across more than 190 countries, collectively viewing over 125 million hours daily. Subscribers enjoy unlimited streaming of TV shows, movies, documentaries, and original content, accessible on almost any internet-connected device, with features like pausing, resuming, and ad-free viewing.

Tivo, listed on NASDAQ, remains at the forefront of entertainment technology, providing interactive guides, DVRs, and licensable tech solutions that revolutionize content discovery. The company partners with leading media providers to shape the future of entertainment, continually innovating to meet evolving consumer demands.

This release contains forward-looking statements about future plans and market developments, which involve risks and uncertainties. Tivo advises reviewing their latest filings with the SEC for detailed information and notes that they do not undertake any obligation to update these statements unless required by law.

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