TiVo 2015 Annual Report Download - page 82

Download and view the complete annual report

Please find page 82 of the 2015 TiVo annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 141

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141

Table of Contents
analytics technology company with core technology built for analyzing large amounts of data. In March 2015, the contingency period concluded and
$3.0
million
of contingent consideration was paid as certain customer attainment goals were satisfied.
(3) Discontinued Operations and Assets Held for Sale
DivX and MainConcept
During the fourth quarter of 2013, the Company determined it would pursue selling its DivX and MainConcept businesses. DivX and MainConcept
were providers of high
-
quality video compression
-
decompression software and a software library that enabled the distribution of content across the
internet and through recordable media, in either physical or streamed forms. On March 31, 2014, the Company sold its DivX and MainConcept businesses
for
$52.5 million
in cash, plus up to
$22.5 million
in additional payments based on the achievement of certain revenue milestones over the three years
following the acquisition. The first revenue milestone was measured on March 31, 2015, and no additional payment was received. The results of operations
and cash flows of the DivX and MainConcept businesses have been presented in discontinued operations for all periods presented.
Nowtilus
In March 2014, the Company sold its Nowtilus business. Nowtilus was a provider of video
-
on
-
demand solutions in Germany. The results of
operations and cash flows of the Nowtilus business have been presented in discontinued operations for all periods presented.
Consumer Website
On August 15, 2013, the Company sold its Consumer Website business, which includes the SideReel.com and allmusic.com sites, among others,
for
$1.0 million
. The results of operations and cash flows of the Consumer Website business have been presented in discontinued operations for all periods
presented.
Rovi Entertainment Store
On September 1, 2013, the Company sold its Rovi Entertainment Store business. Additionally, the Company agreed to transfer
$8.5 million
to the
buyer and the Company received a
$2.0 million
unsecured note payable from the buyer. The results of operations and cash flows of the Rovi Entertainment
Store business have been presented in discontinued operations for all periods presented.
Previous Software Business
The Company recognized
$0.6 million
in expenses in 2013 related to an indemnification for IP infringement claims relating to the Company
’
s
previous software business which included FLEXnet, InstallShield and AdminStudio software tools, which was sold in 2008.
F
-
16