LAS VEGAS, NV--(Marketwired - Jan 7, 2014) - TiVo Inc. (NASDAQ: TIVO), a global leader in the advanced television entertainment market, demonstrated a Network DVR (NDVR) next generation cloud television prototype today at the Consumer Electronics Show (CES) in Las Vegas.
"It may surprise people to learn just how many of TiVo's features are already delivered from the cloud but storage in the cloud is the easy part. TiVo is making it easy both for the consumer and the operator to navigate within a cloud environment to facilitate a TV experience that is much more personal and we are once again leading the way in developing the best in class consumer features to enable the consumer to access all the content they want, whenever and wherever they want it -- even as those sources and devices continue to evolve," said TiVo's Vice President of Innovation, Joshua Danovitz. "With an increasingly complicated entertainment landscape that includes a multitude of content choices, sources and devices, both consumers and operators are challenged to find the appropriate means to navigate the burgeoning content. TiVo is once again defining the landscape of how viewers will consume entertainment, and how pay TV operators provide the best in class user experience."
The TiVo NDVR is a natural extension of the TiVo solution and will use TiVo's Emmy Award winning cloud service. TiVo's NDVR will extend the TiVo Service and consistent user experience on every device, while enabling consumers to easily find, consume and socially share cloud delivered content through the TiVo user interface. 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.) while enhancing the user experience anywhere they may be.
TiVo will extend current features and functionality and plans to enable new consumer features that enable co-viewing experiences through social networks and recommendations across disparate libraries of content.
"The natural evolution of the TiVo Service to address network storage is one of the cornerstones of TiVo's overall strategy to deliver an experience that delights the consumer on every screen while driving down pay TV operator costs at the same time as increasing monetization opportunities," continued Danovitz.
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's NDVR could offer a premium service with expanded catch-up and save options. The service could also empower programmers to more intelligently target advertising in cloud hosted time-shifted content.
CES 2014 runs from January 7 - 10 in Las Vegas. TiVo's booth is located at LVCC, Central Hall - 7920.
Joshua Danovitz will be keynoting at "Connecting to the Cloud @ CES" where he'll explain the competitive edge of cloud-based solutions compared to older, more localized methods of online content distribution (and moreover, how social networking influences how, when and what we stream) on Wednesday, January 8, 5:00 p.m. in the Las Vegas Convention Center North Hall, N262.
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, including future product features and related technologies. 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, July 31, 2013 and October 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.