SOURCE: TiVo

TiVo

August 01, 2011 08:30 ET

TiVo® Designed Platform to Launch on Best Buy's Insignia Connected Televisions

First TVs to Combine the Legendary TiVo User Interface and Cross-Media Search Elements With the Power of the Internet, All Without an Additional Set-Top Box

ALVISO, CA--(Marketwire - Aug 1, 2011) - TiVo Inc. (NASDAQ: TIVO), a creator and leader in advanced television services and digital video recorders (DVRs), today announced as part of its strategic alliance with Best Buy Co., Inc. aimed at transforming the digital home entertainment experience, the launch of the Insignia Connected TVs powered by TiVo® Design. Through this product, TiVo continues its evolution from a DVR by bringing its expertise and easy-to-use interface to the new connected TV space, helping consumers get more out of their television experience by integrating Internet content with their existing cable or satellite offerings. Consumers will be able to purchase the new televisions at select Best Buy retail locations and online beginning August 1.

The Insignia Connected TV will be the first television on the market that combines the power of the Internet with the legendary TiVo user interface and certain search capabilities, all in stunning high definition, creating a top-flight advanced television experience. Users will be able to enjoy content from both traditional linear TV and the Internet -- all packaged in TiVo's easy-to-use interface and easily navigated with a few simple clicks of their remote control.

Insignia Connected TV users will have access to a wide range of web-based entertainment and can enjoy movies from Netflix and CinemaNow, music from Pandora and Napster, and much more. A component to the ease and simplicity of using the Insignia Connected TV is the inclusion of many of TiVo's user-friendly search and discovery capabilities which allow a user to search broadband video content by title, actor, director, keyword and more.

"The amount of content available on the Internet is expanding rapidly and at the same time it's becoming increasingly difficult to navigate and find the programs viewers want to watch all from one source," said Jim Denney, Vice President of Product Marketing at TiVo. "Teaming with Best Buy to integrate TiVo's intuitive HD user interface into their Insignia Connected TVs is a way to help consumers get the most out of their television experience and enable them to find what they want to watch. From our perspective, this is another important distribution channel to deliver the TiVo experience to an ever greater number of television viewers who are increasingly looking to embrace and manage over the top content. Embedding TiVo's user interface directly onto the television is a logical next step and showcases the power of TiVo beyond the DVR."

The Insignia Connected TV with TiVo Design does not function as a DVR, but is fully compatible with TiVo DVRs and cable operators provisioned DVRs to accommodate recorded programs.

"We've heard from customers that Smart TVs can be intimidating and we wanted to create a product that was easy to enjoy," said Patrick McGinnis, vice president of Exclusive Brands for Best Buy. "By fusing TiVo's fantastic user interface with our Insignia Connected TVs we believe consumers who interact with this new breed of television will be excited by how simple it is to view content from a host of sources. It's the first Smart TV that is truly easy to use out of the box, easy to connect to your home network, and easy to find exactly what you want to watch."

The 42" Insignia Connected TV powered by TiVo Design is available now for $699.99 and the 32" is available now for $499.99. No paid subscription to the TiVo Service required. To learn more or order now visit www.bestbuy.com/insigniaconnectedtv.

About TiVo Inc.
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 and the TiVo Logo are trademarks or registered trademarks of TiVo Inc. or its subsidiaries worldwide. © 2011 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, the future availability of TiVo Premiere Q and TiVo Preview set-top boxes, including expected functionality, features and capabilities. 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, subsequent Quarterly Reports on Form 10-Q, 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.