AT&T License Renewal Sets Up Rovi For Comcast, Dish
Rovi (ROVI) stock rose for the second day as Cowen & Co. upgraded the digital entertainment company following its set-top box license renewal with AT&T (T). AT&T, which acquired satellite TV broadcaster DirecTV Group in July, on Wednesday announced a seven-year license renewal for Rovi’s interactive program guide technology. The AT&T renewal bodes well for upcoming negotiations with Comcast (CMCSA) and Dish Network (DISH), said Michael Olson, a