SOURCE: TiVo

TiVo

TiVo

September 08, 2011 02:35 ET

TiVo and ONO Will Offer Most Advanced TV Service in Spain

ONO to Deploy Next Generation TV Offering, Blending High Quality TV Content With Broadband Capabilities

AMSTERDAM, THE NETHERLANDS--(Marketwire - Sep 8, 2011) - ONO, the largest cable operator in Spain and a leading provider of broadband communication and entertainment services, and TiVo Inc. (NASDAQ: TIVO), the creator of and a leader in television services for personal video recorders, today announced deployment details of their highly anticipated next generation DVR offering, giving ONO customers Spain's most advanced television platform which seamlessly blends Internet and traditional television content delivered through ONO's modern fibre optic network while interacting with TiVo's award-winning user interface.

In addition to controlling live TV, with the TiVo® DVR from ONO customers will be able to set Season Pass® Recordings to automatically record the user's favorite programs, schedule recordings when not at home, or even record programs based upon a users' interests through WishList® searches. In addition to searching and recording programs, the TiVo DVR from ONO also offers a library of broadband-delivered on demand video and interactive applications.

Joshua Danovitz, VP & General Manager, International, TiVo Inc., added, "ONO's launch of TiVo will transform Spanish TV, enabling consumers a comprehensive hybrid TV experience that fully demonstrates the power of ONO's superior network infrastructure and extensive content offerings. With our second major European launch in a year, TiVo continues to demonstrate that we have a highly compelling and reliable proposition for pay television providers seeking to ignite their video services."

Fernando Meco, Marketing TV Director, ONO: "Building on the fastest fibre optic broadband network in Spain, the launch of TiVo continues to show ONO's leadership in providing integrated broadband and linear TV content, woven together in TiVo's easy to use user experience. Teaming with TiVo has provided ONO with the best in class offering, delivered on schedule, enabling us to solidify our leading position as the premier provider of an advanced hybrid television service in Spain. TiVo, along with the superfast fibre optic network that ONO offers, is a revolution for the Spanish market and it is only provided on the ONO network."

As previously announced, ONO is the exclusive distributor of TiVo's advanced television services in Spain and TiVo will become the exclusive software provider for all next generation set-top boxes deployed by ONO.

TiVo DVRs from ONO will be available to select customers beginning this autumn. To learn more or pre-register for TiVo from ONO visit www.ono.es/tivo. ONO and TiVo made this announcement during the 2011 IBC Conference which runs from September 8-13 in Amsterdam.

About ONO
ONO is the leading broadband communication and entertainment provider in Spain. It offers integrated telephone, television and Internet services to its residential customers. In this segment, it has close to 4.3 million services contracted (RGUs) and over 7 million users. ONO also offers value-added telecommunications services to SMEs, large companies and institutions. ONO has the largest next generation fibre optic network available in Spain. ONO closed the year 2010 with total earnings of EUR 1.472 billion and operating profits of EUR M725 (EBITDA).

About TiVo
Founded in 1997, TiVo Inc. (NASDAQ: TIVO) developed the first commercially available digital video recorder (DVR). TiVo offers the TiVo service and TiVo DVRs directly to consumers online at www.tivo.com and through third-party retailers. TiVo 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 DVR 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. An economical, one-stop-shop for in-home entertainment, TiVo's intuitive functionality and ease of use puts viewers in control by enabling them to effortlessly navigate the best digital entertainment content available through one box, with one remote, and one user interface, delivering the most dynamic user experience on the market today. 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, the TiVo Logo, Season Pass and WishList are trademarks or registered trademarks of TiVo Inc.'s subsidiaries worldwide. © 2011 TiVo Inc. All rights reserved.

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, specific TiVo products and timing of distribution of those products with ONO in Spain. Forward-looking statements generally can be identified by the use of forward-looking terminology such as, "believe," "expect," "may," "will," "intend," "estimate," "continue," 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 Commission, including the Company's Annual Report on Form 10-K for the fiscal year ended January 31, 2011, as amended, our Quarterly Report on Form 10-Q for the period ended April 30, 2011, 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.