National Cable Television Cooperative (NCTC) members will continue to get MobiTV’s IPTV services under a master agreement between it and two entities: Xperi Holding Corp. and TiVo, which is its wholly-owned subsidiary.
The agreement covers NCTC member’s use of the TiVo implementation and management of IPTV technology that it acquired as a result of an auction of MobiTV assets this year, following its bankruptcy. The platform consists of managed pay-TV software that enables navigation of linear, on-demand and network DVR services that will originate in TiVo’s centralized data center.
“We are pleased to have reached agreement with TiVo,” Rich Fickle, who formerly was the NCTC’s CEO and president, said in a press release. “TiVo’s brand reputation, financial stability, and track record in the industry provides NCTC members a strong option. Over the last three months NCTC worked on a priority basis to help ensure that the MobiTV service continued in the hands of a viable, focused provider such as TiVo.“
NCTC represents more than 700 small and mid-sized independent cable and broadband operators in their programming and technology acquisition.
Xperi acquired TiVo last June. At the time, the company said that the combination of the companies created “one of the industry’s largest and most diverse intellectual property (IP) licensing platforms” and that it would continue to invest in technology. Xperi said that the combined company had an IP portfolio that included more than 11,000 patents and applications and would benefit from subscriber-based IP revenue for stability and diversification.
MobiTV filed for voluntary Chapter 11 bankruptcy in Mach. The filing was submitted to the U.S. Bankruptcy Court for the District of Columbia. The company initially received a $15.5 million debtor-in-possession financing facility to enable it to operate during its restructuring.
In May, Xperi said that TiVo had won the auction to acquire the assets of MobiTV with a bid that was reported to be $18.5 million