Altice USA Inc (ATUS - Free Report) and TiVo Corporation (TIVO - Free Report) have reportedly signed an extended six-year patent agreement. The deal extends Altice USA’s license to TiVo’s patent portfolios and will broadcast new features across the newly-formed platform — Altice One.
Altice USA, based in Bethpage, NY, is one of the largest broadband communications and video services providers. TiVo, headquartered in California,is a global leader in entertainment technology and audience insights. While Altice USA carries a Zacks Rank #4 (Sell), TiVo is a Zacks Rank #3 (Hold) stock. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Per the agreement, Altice USA will deploy TiVo's Personalized Content Discovery platform to feature programs across Altice One platform. The Personalized Content Discovery platform combines TiVo’s personalized search and recommendations with voice search functionality.Altice USA will continue to use TiVo’s i-Guide interactive program guide and Gateway DVR solution that provide over-the-top (OTT) content.
Altice One is a cloud-based connectivity platform that provides improved video, broadband and phone experience for customers. It is equipped with new and enhanced features such as access to apps, voice search etc., and replaces the traditional cable box, modem and router.
We believe that the move to extend agreement with TiVo and collaborate on advanced entertainment services is a prudent one for Altice USA. This will attract more customers and help the company sustain existing viewers. Moreover, this will bolster Altice One’s portfolio We wait to the company’s results in the upcoming fourth-quarter 2017.
Meanwhile, TiVo is known for market-leading and innovative technologies in the media and entertainment industry. TiVo has been quite active this year, inking several deals and renewing existing ones. On Nov 1, TiVo and Discovery Communications announced a multi-year product agreement. The deal will help Discovery Communications increase overall viewership of its portfolio of networks and drive consumer loyalty with a product suite named — TiVo’s Audience Works for Marketing.
On Oct 26, TiVo and Liberty Global renewed their existing product agreements and signed a multi-year extension to intellectual property (IP) license. This extension provided Liberty Global with expanded access to TiVo’s patent portfolios and covers all Liberty Global subsidiaries.
Altice USA’s Latest Deals
On Nov 30, Altice USA and Charter Communications Inc. (CHTR - Free Report) have reportedly reached an agreement to broadcast respective regional cable news networks. Per the deal, Charter Communications will telecast i24NEWS, which was launched by Altice USA in January. The channel is available on Altice USA’s Optimum and Suddenlink systems. Meanwhile, the company’s Spectrum News NY1 will be available to Optimum users in New York, New Jersey and Connecticut.
On Nov 5, Sprint Corp (S - Free Report) and Altice USA inked a new multi-year strategic deal. Per the deal, Altice USA will utilize Sprint’s network to provide mobile voice and data services throughout the nation. Also, Sprint will leverage the Altice USA broadband platform to accelerate the densification of its network.
Over the past month, Altice USA’s shares have rallied 8.4% compared with the industry’s gain of 0.6%.
Shares of TiVo have lost 24.6% against the industry’s rally of 1.0%, over the same time frame.
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