TiVo Posts 1Q Loss As Revenue Falls Nearly 10 Pct
TiVo also sells its technology through cable and satellite TV providers. Including these subscribers, TiVo had 3.2 million overall.
"In a tough quarter, our churn was basically flat," said TiVo Chief Executive Tom Rogers in an interview with The Associated Press. "That's against the backdrop of people pulling back on all sorts of subscription services." He said he expects several catalysts to boost business in coming months. For one, Comcast Corp. is planning to introduce the TiVo interface on its DVRs in Chicago soon, following a successful run in New England. This summer, Comcast's New England customers will get a TiVo online scheduler to program their DVRs online to record and manage shows. The service is for Comcast cable TV and Internet customers who use its TiVo-enabled DVRs. Rogers said Comcast also plans to use the TiVo interface on DVRs that use the Tru2way technology. Tru2way is a software platform that major cable TV operators are adopting so their systems can operate on the same standard. Over the next few months, TiVo is set to offer movies and TV shows from Blockbuster Inc. as part of a distribution deal announced in March. Blockbuster will also sell TiVo's DVRs at its stores and online.- Loading Comments...
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