TiVo and Samsung to Collaborate on Advanced PVR Solution
(Thomson Reuters ONE) -
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(at)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 visitwww.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.
Contacts:
TiVo
Jessica Loebig
TiVo Inc.
+1.408.519.9655
jloebig(at)tivo.com
Samsung
Sophia Kim
Samsung Electronics
+82 31 277 1074
sophia.kim(at)samsung.com
[HUG#1444182]
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: TiVo Inc. via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 13.09.2010 - 17:46 Uhr
Sprache: Deutsch
News-ID 42411
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