January 6, 2001 - LAS VEGAS, NV - January 6, 2001, TiVo, Inc., (NASDAQ: TIVO) the creator and leader in personal television today announced the upcoming delivery of significant improvements to its personal television service for all its current subscribers. This service upgrade will be delivered automatically to current and new TiVo customers in the first quarter of 2001. Current subscribers who purchased the new DIRECTV receiver with TiVo are already using the improved service, which has been supported with these systems since they shipped in September, 2000.
From the beginning, TiVo has continually delivered new capabilities and product improvements to its customers. The new service enhancements will provide features that give customers greater control over their television viewing and greater choice about what they watch, while at the same time being even easier to use and more "family friendly". All the latest TiVo Service features will be previewed at TiVo's Booth (#1341) at the International Consumer Electronics Show in Las Vegas this week.
"Providing our customers with more convenience, control and personalization in their TV viewing is our number one priority. We are proud to offer a set of new service capabilities in the coming year that will make watching television better than it has ever been before," said Mike Ramsay, TiVo's president and CEO. "Our new features add to our existing personal entertainment service capabilities, TiVo Takes™, Ipreview™, Network Showcases and TiVolution™ Magazine to provide consumers with the best way to enhance their TV experience."
It is expected that TiVo subscribers will automatically be upgraded to the new service over the course of the next three months. The new service features will be available to all TiVo customers regardless of which TiVo recorder or receiver they use, including those from Philips, Sony and the DIRECTV receiver with TiVo, and regardless of when they purchased their system. New service capabilities include:
"The features and usability of the TiVo service have set the pace for the industry, TiVo-like functionality has lead the innovations in the market this past year," continued Ramsay. "TiVo will continue to deliver choice and control to consumers in the form of innovative personalized, entertainment services that will define the TV experience viewers demand for the future."
About TiVo, Inc.
TiVo (Nasdaq: TIVO) is the creator of and leader in personal television. Founded in 1997 with the mission to dramatically improve consumers' television viewing experiences, TiVo developed a technology that serves as a platform for delivering a variety of home entertainment services. TiVo's Personal TV Service™ simplifies the way we watch and enjoy television by digitally recording television shows, without videotape, so you can watch what you want, when you want to watch it. TiVo was the first to deliver on the promise of consumer choice and control over TV viewing, building a loyal and passionate subscriber base.
TiVo's leadership is grounded in its ability to forge critical partnerships, working together with the giants of the media, technology, consumer electronics, and television industries. Industry support of TiVo is reflected in its partner roster that includes, AOL, Blockbuster, BSkyB, DIRECTV, Philips, SONY, Thomson and the leading cable and network television companies. Today, the TiVo Service is available in the United States on the Philips Personal TV Recorder™ and the Sony Digital Network Recorder ™ in nearly 3500 consumer electronics retail and online outlets and in the UK under the Thomson Scenium brand. TiVo is headquartered in Alviso, CA. with offices in Los Angeles, CA. Additional information can be found at www.tivo.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. 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" and other risks detailed in our Annual Report on Form 10-K for the period ended December 31, 2000, the Transition Report on Form 10-K for the period ended January 31, 2001, and the Quarterly Report on Form 10-Q for the period ended October 31, 2001, 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 is a registered 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.