TiVo 2015 Annual Report Download - page 4

Table of Contents
Forward
- Looking Statements
Discussions of some of the matters contained in this Annual Report on Form 10
- K for Rovi Corporation (the “ Company, ” “ we ” or “ us ” ) may
constitute forward - looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities
and Exchange Act of 1934, as amended, and as such, may involve risks and uncertainties. Some of these discussions are contained in Item 1. "Business"
included in Part I and Item 7. "Management ’ s Discussion and Analysis of Financial Condition and Results of Operations" included in Part II of this
Annual Report on Form 10 - K. We have based these forward - looking statements on our current expectations and projections about future events or future
financial performance, which include implementing our business strategy, developing and introducing new technologies, obtaining, maintaining and
expanding market acceptance of the technologies we offer, successfully renewing IP licenses with the major North American service providers and
competition in our markets.
In some cases, you can identify these forward
- looking statements by terminology such as “ may, ” “ will, ” “ should, ” “ expect, ” “ plan, ”
“ anticipate, ” “ believe, ” “ estimate, ” “ future, ” “ predict, ” “ potential, ” “ intend, ” or “ continue, ” and similar expressions. These statements are based on
the beliefs and assumptions of our management and on information currently available to our management. Our actual results, performance and
achievements may differ materially from the results, performance and achievements expressed or implied in such forward - looking statements. For a
discussion of some of the factors that might cause such a difference, see Item 1A. "Risk Factors" included in Part I of this Annual Report on Form 10
- K .
Except as required by law, we specifically disclaim any obligation to update such forward - looking statements.
PART I
ITEM 1. BUSINESS
Overview
We power entertainment discovery and personalization through product technology and intellectual property and use data and analytics to
monetize interactions across multiple entertainment platforms. We provide a broad set of content discovery solutions that are embedded in our customers'
products and services to connect consumers with entertainment, including device embedded and cloud
- based interactive program guides (“ IPGs ” ), natural
language conversational voice and text search and recommendation services and our extensive database of "Metadata" (i.e., descriptive information,
promotional images or other content that describes or relates to television shows, videos, movies, music, books, games or other entertainment content). We
also offer advertising and a portfolio of data and analytics products including advertising and programming promotion optimization that enable audience
targeting in traditional pay TV advertising along with subscriber and operator analytic and insight products that service providers can use to unlock the
usage patterns and behaviors of pay TV subscribers.
Our products are supported by a broad portfolio of licensable technology patents, covering many aspects of content discovery, digital video
recording (“ DVR ” ), video on demand (“ VOD ” ), over - the - top (“OTT” ) experiences, multi - screen functionality and personalization, as well as interactive
applications and advertising.
We have historically licensed this portfolio for use with linear broadcast television. However, as the industry transitions to internet platform
technologies to enable new video services, we have expanded licensing into connected televisions, multiple screen devices such as tablets, smartphones,
personal computers and game consoles, as well as media streaming devices. We believe this transition presents new opportunities to license our intellectual
property portfolio for different use cases and to different customers, as well as to develop, market and sell products and services that enable such
functionality. Building on this foundation, we are establishing broad industry relationships with the companies leading the next generation of digital
entertainment. Our strategy includes developing complementary products, services and intellectual property to address the opportunities presented by this
industry transformation. Our solutions are deployed globally in the cable, satellite, consumer electronics, entertainment, media and online distribution
markets.
For financial reporting purposes, our business is organized in two segments: Intellectual Property Licensing and Product. See Notes 14 and 15 to
the Consolidated Financial Statements included in Part IV of this Annual Report on Form 10
- K , which is incorporated by reference herein, for additional
information related to our segments and geographies, respectively.
2