ALVISO, CA — TiVo (NASDAQ: TIVO), the creator of and a leader in television services for digital video recorders (DVR), and Verizon Wireless, owner of the nation's most reliable network, announced today an agreement that will allow Verizon Wireless to debut TiVo Mobile, a new downloadable application that lets TiVo® service subscribers schedule recordings on their TiVo device directly from their Get It Now® equipped Verizon Wireless handset.
"This arrangement will allow the growing base of TiVo subscribers to integrate control of their TV life with the most widespread piece of consumer electronics, the wireless phone," said Tom Rogers, CEO of TiVo.
TiVo Mobile is a new innovation that will allow TiVo subscribers to schedule DVR recordings and access related entertainment information from the convenience of their mobile handsets. Viewers will be able to schedule recordings on the go via the same user interface that makes TiVo the best-in-class DVR experience.
Starting in summer 2006, in an exclusive arrangement with Verizon Wireless, users will be able to download the application from the Verizon Wireless Get It Now suite of services onto applicable handsets. Verizon Wireless and TiVo will also collaborate on a joint marketing campaign to promote availability of the new TiVo Mobile feature.
"TiVo Mobile will add yet another unique benefit to the Verizon Wireless Get It Now service by allowing our subscribers to be the first mobile users anywhere to schedule television recordings on TiVo using their mobile handset," said John Stratton, Verizon Wireless chief marketing officer. "As a powerful consumer entertainment brand, TiVo has the ability to help us attract consumers who value the leading multimedia capabilities Verizon Wireless offers."
Specific terms of the deal were not disclosed.
About Verizon Wireless
Verizon Wireless owns and operates the nation's most reliable wireless network, serving 51.3 million voice and data customers. Headquartered in Bedminster, NJ, Verizon Wireless is a joint venture of Verizon Communications (NYSE: VZ) and Vodafone (NYSE and LSE: VOD). Find more information on the Web at www.verizonwireless.com. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at www.verizonwireless.com/multimedia.
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.