ROVI

Rovi Corp

TMT


Presented:05/26/2015
Price:$16.48
Cap:N/A
Current Price:$6.09
Cap:$0.77B

Presented

Date05/26/2015
Price$16.48
Market CapN/A
Ent Value$2.41B
P/E RatioN/A
Book Value$12.03
Div YieldN/A
Shares O/S88.76M
Ave Daily Vol2,293,399
Short Int21.97%

Current

Price$6.09
Market Cap$0.77B
Rovi Corp. discovers and personalizes digital entertainment. It provides integrated solutions and advertising and analytics services that connect consumers with entertainment. The company's content discovery solutions include interactive program guides (IPGs), search & recommendations and cloud data services. Its metadata includes descriptive information, promotional images or other content that describe or relate to television shows, videos, movies, music, books, games or other entertainment content. Rovi enables brands worldwide to increase reach and create a better entertainment experience across multiple screens through cloud-based discovery capabilities and emerging solutions for interactive advertising and audience analytics. The company was founded in 2007 and is headquartered in Santa Clara, CA.

Publicly traded companies mentioned herein: Rovi Corporation (ROVI), Netflix (NFLX), Comcast (CMCSA), DISH Network (DISH), Time Warner Cable (TWC), DirecTV (DTV), IBM (IBM), Cisco (CSCO), HP (HPQ) and Charter Communications (CHTR)

Highlights

Rovi is best known for the patents it holds and licenses for the TV guide technology used by nearly every cable and satellite operator in the US. With several of the original deals signed with the major MSOs set to expire, the presenter believes that the wave of renewals expected over the coming months are likely to come in with much worse than expected economics. He believes that the MSOs are unlikely to simply agree to ROVI’s requested rate, and that the parties may ultimately end up going to court. Additionally, he believes that the recently commenced Netflix (NFLX) case against Rovi is likely to result in a negative outcome for the company, and that, if lost, the case could dramatically impact the rest of the company’s patent portfolio.

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Idea Discussion

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