Rovi Corporation announced that Toshiba Corporation is launching a range of DTVs Certified for DivX Plus Streaming(TM). The agreement will help increase the reach of Rovi's advanced adaptive streaming format and enable Toshiba DTVs to support high-quality entertainment services from over-the-top providers such as KNOWHOW Movies by Dixons Retail in the UK. DivX Plus Streaming brings a cutting-edge feature set to streaming media that is typically characteristic of the Blu-ray Disc consumer experience such as multi-language subtitles and audio tracks, trick-play track for smooth fast forward and rewind, chapter points for quick scene navigation, and resume playback across devices. In addition, to help eliminate buffering or the "spinning wheel", DivX Plus Streaming includes Dynamic Resolution Scaling. Providing smooth and seamless transitions between different resolutions, Dynamic Resolution Scaling helps ensure consumers enjoy quick start times and continuous play even in low or fluctuating bandwidth environments. DivX Plus Streaming has been approved by studios and adopted by companies helping fuel over-the-top entertainment distribution. The advanced adaptive streaming format has gained the support of IC vendors including Broadcom, MediaTek, and MStar, and has been selected to power video delivery for UK-based Dixons Retail's KNOWHOW Movies, German retailer Media Markt's Videodownloadshop, and Mei-Ah and China Mobile powered services that provides 4G LTE and 3G service subscribers instant access on their Android mobile devices to on-demand, catch-up TV. The DivX(R) DRM (digital rights management) solution, as used with DivX Plus Streaming, was also recently approved by the DECE (Digital Entertainment Content Ecosystem consortium) for use in the UltraViolet ecosystem. Toshiba's DTVs Certified for DivX Plus Streaming with KNOWHOW Movies is expected to be available to consumers later this quarter in the UK.

Rovi Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported operating income from continuing operations of $16,266,000, loss from continuing operations before income taxes before income taxes of $614,000, income from continuing operations, net of tax of $2,000 or $0.00 diluted per share, net loss of $25,733,000 or $0.26 diluted loss per share on revenues of $154,730,000 against operating income from continuing operations of $33,927,000, income from continuing operations before income taxes before income taxes of $17,063,000, income from continuing operations, net of tax of $12,520,000 or $0.12 diluted per share, net loss of $4,609,000 or $0.04 diluted per share on revenues of $171,727,000 for the same period a year ago. Adjusted Pro Forma operating income from continuing operations of $58,937,000, income from continuing operations before income taxes of $49,389,000, income from continuing operations, net of tax of $44,944,000 or $0.45 diluted per share against operating income from continuing operations of $78,169,000, income from continuing operations before income taxes of $73,820,000, income from continuing operations, net of tax of $68,653,000 or $0.63 diluted per share. The year-over-year declines were primarily attributable to expected revenue declines within the Company's consumer electronics video delivery and display sales vertical. The company anticipates fiscal year 2013 revenue of between $630 million and $660 million, and is increasing its expectations for fiscal year 2013 Adjusted Pro Forma Income Per common Share from $1.90 - $2.20 to $1.95 -$2.25.

Rovi Corporation announced that Julian Lighton has joined the company as executive vice president of strategy and corporate development. Mr. Lighton's responsibilities include driving strategy, mergers and acquisitions, alliances, government affairs, new ventures and business intelligence, emphasizing both organic and inorganic growth initiatives. He reports directly to Rovi's president and CEO, Tom Carson. He is based out of Rovi's Santa Clara, Calif. office.