TiVo To Launch In New Zealand Later This Year
New Zealand’s Largest Free-To-Air Broadcaster Partners with Seven Media Group’s Hybrid TV to Offer TiVo Service in New Zealand
ALVISO, Calif. — TiVo Inc. (NASDAQ: TIVO), the creator of and a leader in television services and advertising solutions for digital video recorders (DVRs), today announced that the TiVo service will launch in New Zealand later this year.
Through an agreement with Seven Media Group in Australia, Television New Zealand (TVNZ), New Zealand’s largest free-to-air and national broadcaster, has taken a 33% ownership stake in Hybrid Television Services, the Seven subsidiary that has TiVo rights in Australia and New Zealand. TVNZ’s investment will support the launch of the TiVo service to customers throughout New Zealand - the second DVB-T standard country to begin offering the TiVo service.
Similar to the TiVo service available in Australia, digital Freeview channels in New Zealand will be available on broadband connected TiVo® DVRs. Viewers will have access to the Emmy® award-winning TiVo user interface, which includes internationally recognized TiVo features like SeasonPass™ Recordings, WishList® Searches and the ability to pause, rewind, fast forward, instant replay, and slow motion live and recorded TV shows.
In addition to being the largest broadcaster in New Zealand, TVNZ operates an online “catchup TV” service known as TVNZ ondemand, where viewers can access a host of popular programs via the Internet, and, like Seven Network, TVNZ is a member of its local Freeview consortium.
“TiVo’s ongoing efforts to expand its global footprint through strategic alliances with international broadcasters and cable companies is taking another step forward,” said Tom Rogers, president and CEO of TiVo Inc. “Our successful rollout in Australia has piqued the interest of others in the media industry across the globe and essentially provided a blueprint that outlines how the TiVo value proposition can help protect their competitive position in their own markets. We are extremely gratified to have TVNZ as a partner and are eager to have Hybrid TV begin making the TiVo service available to New Zealand’s millions of free-to-air TV customers.”
“The TiVo media device is a global success and our investment in Hybrid Television Services will ensure that its arrival in New Zealand supports TVNZ’s transition to a digital media company,” said Rick Ellis, CEO of TVNZ.
James Warburton, Chief Sales and Digital Officer for Seven Media Group commented, “TiVo had strong Christmas sales and we have been pleased with the uptake in Australia. This investment from TVNZ and their involvement on the board of Hybrid Television Services will ensure that the company is well positioned for the New Zealand launch this year.”
Executives from Seven Media Group and TVNZ will sit on the board of Hybrid Television Services. Under the new structure, James Warburton, Chief Sales and Digital Officer for Seven Media group will chair the board. Rick Ellis, CEO of TVNZ, Rodney Parker, CFO of TVNZ and Bruce McWilliam, Commercial Director for Seven Media Group complete the board.
About TiVo Inc.
Founded in 1997, TiVo (Nasdaq: TIVO - News) 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 and our website, 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 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(TM) recordings and WishList® searches and TiVo KidZone, have elevated its popularity among consumers and have 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(TM) transfers 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 research measurement.
TiVo, ’TiVo, TV your way.’, Season Pass, WishList, TiVoToGo, Stop||Watch, Power||Watch, and the TiVo Logo are trademarks or registered trademarks of TiVo Inc. or its subsidiaries worldwide. © 2009 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 and timing of the TiVo service internationally and specifically in New Zealand. 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 TiVo’s public reports filed with the Securities and Exchange Commission. TiVo 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.
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