SOURCE: TiVo Inc.

TiVo Inc.

TiVo Inc.

September 12, 2010 02:00 ET

TiVo and Samsung to Collaborate on Advanced PVR Solution

Samsung's Next Generation Set-Top Boxes to Support TiVo's Best-in-Class Linear and Broadband TV Experience; Use of the TiVo Hardware Porting Kit Enables a Quickly Deployable, Cost-Effective Advanced Television Solution for TV Operators Worldwide

AMSTERDAM, NETHERLANDS--(Marketwire - September 12, 2010) -  TiVo Inc. (NASDAQ: TIVO), a leader in advanced television services and personal video recorders (PVRs), and Samsung Electronics Co., Ltd., a global leader in home solution and telecommunication technologies, today announced they have teamed to develop an advanced, TiVo-ready, high definition PVR set-top box for digital video broadcasting (DVB) operators.

To bring this new PVR set-top box offering to market, Samsung has licensed TiVo's Hardware Porting Kit and will work with TiVo to build a TiVo verified platform which dramatically accelerates deployment for operators licensing the TiVo solution. This allows operators anywhere in the world to quickly deploy PVR set-top boxes with the TiVo consumer experience. The integration of TiVo's industry-leading interactive television software with Samsung's solution is a major win for operators; the new product will help decrease development complexities, improve time to market and reduce implementation costs for operators that want to give their subscribers an unmatched television experience. The initial implementation is expected to support an advanced HD PVR for European DVB networks, and the two companies may add non-PVR devices and additional platforms worldwide.

Pilyoung Kim, Senior Vice President of Telecommunication Systems Business of Samsung Electronics, said, "Samsung is very pleased to partner with TiVo, given its stature among leading television operators around the world. We expect this collaboration with TiVo will help Samsung achieve significant differentiation for our set-top box products, and improve the value proposition to operators by enhancing our advanced PVR product offerings."

"TiVo's unsurpassed ability to combine linear television, video on demand and broadband content in an elegant and intuitive user interface is increasingly becoming the solution TV operators around the world are turning to in order to stay ahead of the competition," said Joshua Danovitz, Vice President, General Manager of TiVo International. "We are pleased that Samsung has decided to join a growing list of set-top box manufacturers that have already licensed TiVo's Hardware Porting Kit to help bring the full breadth of the TiVo experience to viewers around the globe. Going forward, operators selecting a TiVo verified set-top box now including Samsung will be rewarded with a product they can quickly and seamlessly deploy."

Samsung and TiVo plan to bring this new PVR STB offering to market in 2011.

TiVo will be hosting private meetings for industry executives at the IBC 2010 Expo in Amsterdam, September 10-13, 2010. Executives attending IBC and interested to learn more about commercial opportunities with TiVo should email ibc@tivo.com to request a briefing session, including a demonstration of TiVo and its full suite of capabilities.

Samsung, which achieves significant results in the set-top box business, plans to demonstrate its latest set-top box offerings in all areas including cable, satellite, IP and hybrid at the IBC 2010 Expo. This opportunity allows visitors to experience broadcast services from leading European operators.

About TiVo Inc. (www.tivo.com)
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.

TiVo and the TiVo Logo are trademarks or registered trademarks of TiVo Inc. or its subsidiaries worldwide. © 2010 TiVo Inc. All rights reserved. All other trademarks are the property of their respective owners.

About Samsung Electronics Co., Ltd.
Samsung Electronics Co., Ltd. is a global leader in semiconductor, telecommunication, digital media and digital convergence technologies with 2009 consolidated sales of US$116.8 billion. Employing approximately 188,000 people in 185 offices across 65 countries, the company consists of eight independently operated business units: Visual Display, Mobile Communications, Telecommunication Systems, Digital Appliances, IT Solutions, Digital Imaging, Semiconductor and LCD. Recognized as one of the fastest growing global brands, Samsung Electronics is a leading producer of digital TVs, memory chips, mobile phones and TFT-LCDs. For more information, please visit www.samsung.com.

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, the timing and nature of the future availability of the integrated platform of TiVo software. 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, 2010, 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.