TiVo narrows losses, new partnerships
March 3, 2009
Digital video recorder maker TiVo has reported a narrower quarterly loss than a year ago as cost cuts helped offset a 20 per cent decline in revenue.
Although subscriber growth slowed, the company cut subscriber acquisition costs. TiVo said it is focused on having plenty of cash to weather the challenging economy. TiVo’s net loss in its fiscal fourth quarter ended January 31st was $3.6 million compared to a loss of $6.4 million in the same period last year.
Meanwhile, TiVo has announced that Seachange, a global provider of VOD and IPTV software, systems and services, has joined forces with the company to integrate cable VOD services into the TiVo HD DVR. Furthermore, Alticast, maker of MHP and tru2way embedded software, has entered into an agreement intended to reduce the time-to-market for pay television operators seeking to harness TiVo's differentiated consumer experience in conjunction with the flexibility of Alticast embedded software.