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TiVo plans to share its product and license departments



"We are pleased that the board has approved the separation of TiVo's product and IP licensing business and believes that both businesses will be better positioned independently. We believe that the separation will unlock the shareholder value and increase the flexibility of pursuing new and growing market opportunities , Interim Minister TiVo, Raghu Rau, said in a press release.

As video-on-demand and streaming providers have made it too easy to see a show or movie on their own, TiVo has struggled to find the future. The company was acquired by the patent giant Rovi in ​​201

6 for $ 1.1 billion – mainly for the many patents it has linked to TV viewing online. Back in January, TiVo announced that it was on an app to allow users to see Roku, Apple TV and Fire TV The company has dealt with a number of departing CEOs; The last permanent head, Enrique Rodriquez, was agreed after less than a year.

While some speculated That the split of TiVo's IP and product business in two will make it easier to find a buyer, early signs are not encouraging. TiVo shares fell by 14 percent on Friday after the announcement.


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