TiVo Inc. and CABLEVISION, S.A. de C.V. Sign Mexico Distribution Agreement
Agreement Brings TiVo Service to Mexico's Largest Digital Cable Television Operator
More Innovation and State of the Art Technology Digital Television Services for CABLEVISION Subscribers in Mexico
CABLEVISION , S.A. de C.V. first to offer TiVo Service in Mexico
ALVISO, California - November 29, 2006 - CABLEVISION, S.A. de C.V. (CABLEVISION), Mexico's largest digital cable operator, and TiVo Inc. (NASDAQ: TIVO), the creator of and a leader in television services for digital video recorders (DVRs), today announced that they have entered into an agreement to distribute the TiVo« DVRs and TiVo« Service to CABLEVISION's subscribers throughout Mexico City.
Under the agreement, CABLEVISION will make TiVo's DVR service available to subscribers of CABLEVISION's digital cable service, including the first Spanish language version of the Emmy« award-winning TiVo user interface. The TiVo service for CABLEVISION customers is expected to include popular TiVo features like SeasonPassTM recordings and WishList« searches.
Jean-Paul Broc, CABLEVISION's CEO said, "CABLEVISION is thrilled to be the first to offer the TiVo Service in Mexico. We are in a unique position to market Mexico City's best television experience by delivering over 220 channels of digital cable programming - all seamlessly brought together through TiVo. As you know, demand from our consumers for the world's best and most popular entertainment products continues to grow at a rapid pace. TiVo helps us deliver this vision while also helping us attract and retain customers."
"This relationship marks an important milestone for TiVo," said Tom Rogers, President and CEO of TiVo. "After redefining the way consumers watch television in the United States, we are excited to further grow TiVo's subscriber base through this strategic distribution relationship with a leading hispanic media company : CABLEVISION, and its parent Televisa, are perfect partners for TiVo in Mexico. CABLEVISION has revolutionized Mexico City's pay television market through aggressive deployment and marketing of unique services like digital cable, broadband internet service, HDTV, and video on demand (VOD). We think TiVo will be a natural addition to CABLEVISION's Digital Television portfolio — helping satisfy demand for the best entertainment experience while further differentiating CABLEVISION's pay television services."
Initially, the service offered by CABLEVISION will utilize TiVo's standalone DVR hardware platform. CABLEVISION expects to begin marketing bundles that include the TiVo DVRs and TiVo Service in the first half of 2007.
Financial terms of the deal were not disclosed.
About CABLEVISION, S.A. de C.V.
CABLEVISION, 51% of which is owned by Grupo Televisa, is the biggest cable television service in Mexico. CABLEVISION provides Mexico City and metropolitan area with digital telecomunication cable services. Its different service packages offer multiple entertainment channels, news and informative channels, including channels 2, 4, 5 and 9, as well as some of the most popular TV shows produced by Televisa.
CABLEVISION's network is comprised of more than 10,000 kilometers of existing cable lines including fiber optic, covering more than 1.4 million homes. With a network such as this one, CABLEVISION is able to distribute unique digital added value services to its customers such as VOD, HDTV, Broadband, and other premium telecommunication solutions to the consumer.
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 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™ 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 measurement research. The company is based in Alviso, Calif.
TiVo, Season Pass, WishList, Series2, Series3, TiVoToGo, 'TiVo, TV your way.' And the TiVo Logo are trademarks or registered trademarks of TiVo Inc. or its subsidiaries in the United States and other jurisdictions. ┬ę 2006 TiVo Inc. All rights reserved.