Rovi Took 30% Q3 Hit Because ‘Large CE Manufacturer’ Fell ‘Out of Contract’

CE revenue at Rovi fell 30 percent in Q3 ended Sept. 30 mainly because a “large CE manufacturer” licensee fell “out of contract” with Rovi during the quarter, Chief Financial Officer Peter Halt said on an earnings call Wednesday. Halt wouldn’t name the manufacturer or identify the specific dollar hit Rovi had taken. That the manufacturer fell out of contract was “disappointing” for Rovi, said CEO Tom Carson. But “we are engaged in productive licensing discussions with this company and believe we are on track to have the CE manufacturer back under license by year-end,” Carson said.