DIRECTV and TiVo™ Unveil the First Digital Satellite System to Combine Both Companies' Leading Services
Integrated Product Will Offer TiVo's Personal TV Service and DIRECTV's Digital TV Services in One Set-top Device
LAS VEGAS, NV - January 6, 2000, TiVo, Inc., (NASDAQ: TIVO) the creator of personal television and DIRECTV, Inc., the nation's leading digital television service provider, today unveiled the first satellite receiver to deliver DIRECTV“ television programming and TiVo's leading Personal TVš service, in one integrated, easy-to-use device. The announcement was made at the International Consumer Electronics Show (ICES) in Las Vegas.
This state-of-the-art digital receiver provides access to a wide variety of DIRECTV programming seamlessly integrated with the control, convenience and personalization that only TiVo delivers to television viewers. In addition, the DIRECTV/TiVo receiver has been honored with an ICES Innovations 2000 award in the satellite category.
"It is exciting to see the tangible results of TiVo's vision and our partnership with DIRECTV come to life with this product. We have said from the beginning that the future of TiVo's technology and service would be to deliver it to consumers on their choice of home entertainment products," said Mike Ramsay, CEO, TiVo Inc. "The DIRECTV/TiVo receiver is proof that TiVo's vision is reality and the benefit of this reality is more choice, convenience and control for our mutual customers."
"From the onset we believed there was a natural alliance between TiVo and DIRECTV to combine our services, as it fulfills our philosophy of enhancing the television viewing experience for the consumer," said Larry Chapman, executive vice president, DIRECTV, Inc.
"The TiVo service has been a terrific solution for consumers who want more control of their television viewing, as well as the perfect complement to the variety of programming available on DIRECTV. Combining both services into one seamlessly integrated system elevates consumers' television viewing habits by giving them the ultimate control," added Chapman.
The digital DIRECTV/TiVo combination receiver stores up to 30 hours of recorded programming, which provides almost twice the recording capacity of other similar personal video recording satellite devices - and at a competitive consumer price point. Features include high quality all digital video, high end Dolby Digital (AC-3), live TV pause, instant replay, slow motion, frame forward/back, variable speed rewind and fast forward, and the latest functionality of the TiVo service.
Further advances in the ease-of-use of the services include: access to broadband satellite transmission to provide easier, faster product set-up and integrated program information that will allow the consumer to schedule recording directly from an advanced electronic program guide. Consumers can choose either the DIRECTV or the TiVo program guide for easy recording and storage, to capture favorite television shows or schedule and record pay-per-view programming. The DIRECTV/TiVo combination system is slated for consumer availability later this year.
TiVo is the creator of personal television. The TiVo Service lets consumers take control of their television viewing by allowing them to watch what they want, when they want it. As part of TiVo's easy-to-use service and unique technology, viewers can time-shift their favorite television shows and create a customized television line-up for viewing at anytime. With TiVo's Thumbs Upš Thumbs Downš buttons, viewers can teach TiVo what shows they like and dislike. Using these preferences, TiVo automatically records programs the viewer may want to see.
TiVo also enables consumers to pause, rewind, instant replay and playback in slow motion any live television broadcast. In addition, TiVo has developed a technology that serves as a platform for new and interactive entertainment content and services. To ensure viewer privacy, TiVo has established strict policies to help protect the personal information More… Page 3 DIRECTV/TiVo Unveil Set-top Box of consumers, while providing a valuable personalized TV experience. TiVo-enabled stand-alone personal video recorders are available from Philips today and can be purchased at retail outlets nationwide including, Best Buy, Circuit City and Sears or online at Amazon.com, Roxy.com or 800.com. Founded in August 1997 and headquartered in Sunnyvale, Calif., TiVo is the creator of personal television. TiVo can be reached on the World Wide Web at www.tivo.com.
DIRECTV, Inc. is the nation's leading service provider of digital television entertainment with more than 8 million customers, including customers subscribing to the PRIMESTAR By DIRECTV medium-power direct broadcast satellite service. DIRECTV“ programming consists of a variety of channels including sports, entertainment, news, music and family programming. Since its launch more than five and a half years ago, DIRECTV has continuously added new services and channels as part of its commitment to enhance programming and set itself apart from cable and other satellite television services. DIRECTV a unit of Hughes Electronics Corporation owns a more than ten percent equity investment in TiVo, Inc.
DIRECTV is a registered trademark of DIRECTV, Inc., a unit of Hughes Electronics Corporation. Hughes Electronics is the world's leading provider of digital television entertainment, and satellite and wireless systems and services. The earnings of Hughes Electronics, a unit of General Motors Corporation, are used to calculate the earnings per share attributable to the General Motors Class H common stock (NYSE: GMH). Visit DIRECTV on the World Wide Web at www.directv.com.
This release may contain forward-looking statements regarding TiVo's business, customers or other factors that may affect future earnings or financial results. 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. These risks and uncertainties are discussed further in the section entitled Risk Factors in the Prospectus filed with the Securities and Exchange Commission.
TiVo is a trademark 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. -- Product slides/digital images are available upon request.