TiVo Announces First Advertising Search Product For Television
Offering Will Allow Viewers to Seek Ads that Provide Relevant Product Information
Interpublic Media, OMD, Starcom Mediavest Group and The Richards Group to Participate in Development Along with Comcast Spotlight
ALVISO, CA — November 28, 2005 — TiVo Inc. (NASDAQ: TIVO), the creator and a leader in advertising solutions and television services for digital video recorders (DVRs), today announced that it plans to offer the first television-based advertising search solution in Spring 2006. Leveraging TiVo’s television search capabilities that enhance the TV viewing experience, the new product will deliver relevant, targeted advertising to subscribers that want to view particular advertising categories.
Leading media and advertising agencies including Interpublic Media, OMD, Starcom Mediavest Group and The Richards Group, as well as Comcast Spotlight, the advertising sales division of Comcast Cable, have worked with TiVo to provide their expertise in the development of this revolutionary product. Agency research and development techniques will contribute in determining relevant categories of interest, such as automotive, travel, telecommunications, and consumer packaged goods, as well as determine relevant pricing models.
Today television advertising is almost entirely delivered when adjacent to mass programming. For the first time, advertisers will have the ability to deliver television advertising, on demand and targeted to consumers, without the limitations of traditional television media placement. Advertisers will be able to reach viewers in the market for a certain product or service. Ads will be delivered to subscribers who can conduct a search for a product by category or associated with keywords, utilizing the same revolutionary keyword search techniques offered with Internet advertising, resulting in increased relevancy for the consumer, as well as efficient, measurable results for the advertiser.
This new advertising approach presents an opportunity for TiVo® service subscribers to search for relevant information on products or services that match their needs. The heightened viewer experience that the new offering is intended to provide will deliver non-intrusive, relevant, interactive advertising, on a opt-in basis. TiVo subscribers, if they choose to use the search capability, will retain control over their viewing experience through the creation of a viewer contributed profile via the set-top box that will enable them to receive advertisements based on their interests.
“TiVo is once again introducing to the TV landscape a new and innovative advertising solution that is intended to deliver an even better viewing experience for subscribers,” said Tom Rogers, President and CEO of TiVo. “TiVo intends to capture the best of the Internet advertising model and create a unique advertising product for the television medium that will provide measurable results. TiVo is committed to working with our advertisers, their agencies and our cable partners to develop new and innovative advertising solutions,” said Davina Kent, Vice President, National Advertising Sales.
“We recognize that consumer media usage is changing and are committed to seeking out opportunities, like the new search product to be offered by TiVo, to continue to deliver our clients with maximum return on investment in their media choices,” said Mark Rosenthal, Chairman and CEO, Interpublic Media, which oversees Interpublic’s worldwide media operations, including Initiative, MAGNA Global, Universal McCann and a number of leading specialist media agencies . “In the rapidly evolving era of permission based marketing the ability for consumers to deliberately seek out long-form advertising is a huge boon for both advertisers and viewers.”
“The new TiVo application will provide both a needed platform for consumers to seek out relevant, searchable commercial content and an environment for advertisers to engage highly desirable and motivated consumers,” said Tracey Scheppach, Vice President, Video Innovations Director at Starcom, a division of Starcom MediaVest Group. “It’s the first of its kind in the industry, and a platform that is clearly needed in this challenging advertising marketplace.”
OMD Digital’s U.S. Director, Sean Finnegan said, “This product represents the next iteration of search and we look forward to continuing to work with TiVo to further innovate on new advertising models for the television. Through initial conversations with our clients, we have seen much interest in TiVo’s advertising solutions and believe that through further development, we will have the opportunity to reach target audiences in a more relevant and engaging manner.”
“The Richards Group is intent on delivering the most innovative and creative solutions to our clients,” said Larry Spiegel, Principal, The Richards Group. “We believe that TiVo’s new search advertising product is the right solution to ensure that our client’s brands are seen by the highest-value customers.”
“Comcast Spotlight is thrilled to be working with TiVo and the advertising community on this exciting new product offering,” said Charlie Thurston, President of Comcast Spotlight.
TiVo launched a successful interactive direct response advertising program in August, where subscribers were given the opportunity to respond to a customized call to action or branded “tag” in select commercial spots. TiVo’s new search advertising product allows advertisers to further engage their target consumers with the benefits of the television experience.
TiVo’s relationships with service providers such as Comcast, DirecTV, Cablevision, Cebridge Connections and the National Cable Television Cooperative, along with its loyal customer base, provides advertisers a solid platform to reach TiVo’s highly valuable and passionate subscribers.
About TiVo Inc.
Founded in 1997, TiVo (NASDAQ: TIVO) pioneered a brand new category of products with the development of the first commercially available digital video recorder (DVR). Sold through leading consumer electronic retailers, TiVo has developed a brand which resonates boldly with consumers as providing a superior television experience. Through agreements with leading satellite and cable providers, TiVo also integrates its full set of DVR service features into the set-top boxes of mass distributors. TiVo’s DVR functionality and ease of use, with such features as Season Pass™ recordings and WishList® searches, has elevated its popularity among consumers and has created a whole new way for viewers to watch television. With a continued investment in its patented technologies, TiVo is revolutionizing the way consumers watch and access home entertainment. Rapidly becoming the focal point of the digital living room, TiVo’s DVR is at the center of experiencing new forms of content on the TV, such as broadband delivered video, music and photos. With innovative features such as, TiVoToGo™ and online scheduling, TiVo is expanding the notion of consumers experiencing “TiVo, TV your way.” The TiVo® service is also at the forefront of providing innovative marketing solutions for the television industry, including a unique platform for advertisers and audience measurement research. The company is based in Alviso, Calif.
This release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to, among other things, TiVo’s business, services, business development, strategy, customers or other factors that may affect future earnings or financial results. 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 “Factors That May Affect Future Operating Results.” More information on potential factors that could affect the Company’s financial results is included from time to time 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, 2004, and the Quarterly Reports on Form 10Q for the period(s) ended April 30, 2004, July 31, 2004, October 31, 2004, filed with the Securities and Exchange Commission. We caution 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.
TiVo, Season Pass, WishList, TiVo Basic are registered trademarks of TiVo Inc. in the United States and other jurisdictions. All other company or product names mentioned may be trademarks or registered trademarks of the respective companies with which they are associated.
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