AMSTERDAM, THE NETHERLANDS--(Marketwired - Sep 11, 2013) - TiVo Inc. (NASDAQ: TIVO), a global leader in the advanced television entertainment market, today announced that it would debut a prototype of its next generation cloud television offering, which includes new TiVo® features delivered with a Network PVR, during the International Broadcasting Conference 2013 (IBC) in Amsterdam.
The TiVo Network PVR will use TiVo's Emmy Award winning cloud service and is a natural extension of the TiVo solution. This is an important next step for operators as they consider a transition to IP delivered content and utilization of low-cost IP clients and consumer provided devices (tablets, smartphones, etc) with an eye toward enhancing the user experience inside and outside of the home, which is becoming a critical component in the increasingly competitive video market. TiVo's Network PVR extends the TiVo Service and consistent user experience while enabling consumers to easily find, consume and socially share cloud delivered content through the TiVo user interface.
In addition to moving the Roamio experience to the cloud, TiVo would be enabling operators and programmers to manage complex content rights, create multiple tiers of network PVR features, and enable multiscreen policies that accelerate the critical transition to an all IP video world. For instance, operators deploying TiVo network PVR could offer a premium nPVR service with expanded catch-up and save options. The service would also empower programmers to more intelligently target advertising in cloud hosted time-shifted content.
Additionally, TiVo plans to enable new consumer features that enable co-viewing experiences through social networks and recommendations across disparate libraries of content. For example, TiVo's nPVR service would allow a viewer to share a recorded program with an authorized user who missed the show with a few simple clicks of the remote control.
Joshua Danovitz, Vice President, Innovation at TiVo, said, "Operators are becoming more and more focused on the reducing capital expenditure while enhancing subscriber satisfaction across every screen inside and outside the home. TiVo's Network PVR could play an important role in this process as it would bring an experience, which has proven to improve customer satisfaction and operating metrics for global operators, fully to the cloud. This demonstration is a testament to TiVo's commitment to innovations that improve the consumer's ability to access all the content they want, whenever they want it. The natural evolution of the TiVo Service to address network storage is one of the cornerstones of an overall TiVo strategy to deliver an experience that delights the consumer on every screen while driving down pay TV operator costs."
IBC 2013 runs from September 12-17 in Amsterdam. TiVo's booth is located at Stand Number 14.531 / Hall Number 14.
Founded in 1997, TiVo Inc. (NASDAQ: TIVO) developed the first commercially available digital video recorder (PVR). Today TiVo is a global leader in advanced television service for virtually any platform or device. TiVo offers its service directly to consumers, and also distributes its technology and services through solutions tailored for cable, satellite and broadcasting companies. Since its founding, TiVo has evolved into the ultimate single-solution media center by combining its patented PVR technologies and universal cable box capabilities with the ability to aggregate, search and deliver millions of pieces of broadband, cable and broadcast content directly to the television. TiVo also continues to weave itself into the fabric of the media industry by providing interactive advertising solutions and audience research and measurement ratings services to the television industry www.tivo.com.
TiVo and the TiVo Logo are trademarks or registered trademarks of TiVo Inc. or its subsidiaries worldwide. © 2013 TiVo Inc. All rights reserved. All other trademarks are the property of their respective owners.
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to, among other things, TiVo's prototype of its next generation cloud television offering and Network PVR. Forward-looking statements generally can be identified by the use of forward-looking terminology such as, "may," "will," "would," "intend," "plan," or similar expressions or the negative of those terms or expressions. Such statements involve risks and uncertainties, which could cause actual results to vary materially from those expressed in or indicated by the forward-looking statements. Factors that may cause actual results to differ materially include delays in development, competitive service offerings and lack of market acceptance, as well as the other potential factors described under "Risk Factors" in the Company's public reports filed with the Securities and Exchange, including the Company's Annual Report on Form 10-K for the fiscal year ended January 31, 2013, our Quarterly Report on Form 10-Q for the periods ended April 30, 2013 and July 31, 2013, and Current Reports on Form 8-K. The Company cautions you not to place undue reliance on forward-looking statements, which reflect an analysis only and speak only as of the date hereof. TiVo disclaims any obligation to update these forward-looking statements.