Rovi Announces Preliminary Results of Annual Meeting

Rovi Corporation (NASDAQ:ROVI) today announced that, based on preliminary voting information provided by its proxy solicitor following today’s Annual Meeting of Stockholders, Rovi stockholders have re-elected five of the Company’s director nominees, including Thomas Carson, Alan L. Earhart, N. Steven Lucas, James E. Meyer and Ruthann Quindlen. The preliminary results also indicate that Glenn W. Welling and Raghavendra Rau have been elected to Rovi’s Board. Under the Company’s bylaws, Mr. Carson will assume the role of Interim Chairman of Rovi’s Board of Directors.

Tom Carson, President, CEO and Interim Chairman of Rovi, said, “We thank our stockholders for their efforts and consideration in re-electing five of our directors, and the continued confidence they have expressed in Rovi’s Board and strategy. We also value insights and feedback we have received from our stockholders over the past several weeks. We look forward to welcoming Glenn and Raghu to the Board, once the vote has been certified, and to working with them constructively to build value for Rovi stockholders over the long term.”

Mr. Carson continued, “On behalf of the Board and management team, I would like to express our deep appreciation to Andy Ludwick and Jim O’Shaughnessy for their years of service to Rovi. Their contributions have been invaluable, and it has been a pleasure to work with both of them on behalf of our stockholders. We would also like to thank our talented employees for their continued hard work and dedication to the Company and Rovi’s strategy. Rovi has extremely exciting opportunities ahead, and we look forward to building on our leading IP portfolio and next-generation suite of products to deliver significant growth for years to come.”

Based on preliminary voting information, Rovi stockholders have voted in favor of the other proposals submitted by the Company, including compensation for named executive officers and ratification of auditors. Preliminary results as tabulated by the Company’s independent Inspector of Elections, IVS Associates Inc., will be announced shortly, and final results will be announced promptly following certification by the Inspector.

About Rovi Corporation

Rovi is leading the way to a more personalized entertainment experience. The Company’s pioneering guides, data, and recommendations continue to drive program search and navigation on millions of devices on a global basis. With a new generation of cloud-based discovery capabilities and emerging solutions for interactive advertising and audience analytics, Rovi is enabling premier brands worldwide to increase their reach, drive consumer satisfaction and create a better entertainment experience across multiple screens. The Company holds over 5,000 issued or pending patents worldwide and is headquartered in Santa Clara, California. Discover more about Rovi at Rovicorp.com.

Forward Looking Statements

This communication contains “forward-looking” statements, including, without limitation, all statements related to Rovi’s ability to achieve its goal of enhancing stockholder value through the execution of its strategic plan, including all statements related to upcoming significant intellectual property license renewals, expected revenue growth, margin expansion and cash flow, new product and IP business opportunities, and the timing thereof, customer growth, expected return on the investments in core areas of the business; the statements related to Engaged Capital’s proposed reduction of product investment and its negative effect on the stockholder value; and other statements that are not historical facts. Any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Words such as “anticipate,” “believe,” “could,” “expect,” “may,” “plan,” “will,” “would” and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based upon Rovi’s current expectations. Forward-looking statements involve risks and uncertainties. Rovi’s actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties, which include, without limitation: risks related to Rovi's ability to successfully execute on its strategic plan and customer demand for and industry acceptance of Rovi's technologies and integrated solutions; Rovi’s ability to successfully renew its major intellectual property license agreements; and risks related to future opportunities and plans, including the uncertainty of future operating results. These and other risk factors are discussed under the heading “Risk Factors” in Rovi’s Annual Report on Form 10-K for the year ended December 31, 2014, filed with the Securities and Exchange Commission on February 19, 2015. Rovi expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based.