January 8, 2002 - Consumer Electronics Show, Las Vegas, NV – January 8, 2002 – TiVo (NASDAQ: TIVO) the creator and leader of television services for digital video recording, today introduced a new digital video recorder (DVR), the TiVo Series2 DVR. TiVo’s next- generation DVR offers more recording capacity at a lower cost and will enable new entertainment services such as digital music, digital photos, broadband video on demand, and video party games that can be enjoyed by the entire family.
TiVo DVRs record television programming directly to a digital hard drive, eliminating the hassles of videotape. The TiVo Series2 offers up to 60 hours of recording time, in a newly designed box that is TiVo’s smallest and sleekest yet. A 40-hour version of the Series2 recorder is currently available from AT&T Broadband for $299 at www.attbroadband.tivo.com. The 60-hour TiVo Series2 will first be available to consumers beginning in February 2002 at www.tivo.com for $399. Customers interested in pre-ordering the new product can go to www.tivo.com now and register to be first in line when sales begin.
TiVo Series2 DVR has two USB expansion ports, providing easy connectivity with peripheral devices, such as digital cameras, MP3 or CD players. This connectivity will also enable TiVo subscribers to access exciting new entertainment services like music, digital photos, video party games, Internet radio and broadband video on demand. Today, TiVo announced industry partnerships (see related release dated January 8, 2002), to develop these new entertainment services in time for the holiday season of 2002.
"You can’t win in this market with techno baubles and gadgets. We have inspired consumers by recognizing it’s 90 percent about entertainment, and 10 percent about technology. We’ve learned from our loyal TiVo subscribers that consumers want the latest and hottest technology, but demand ease-of-use and a better entertainment experience," said Mike Ramsay, CEO of TiVo. "Spending time at home with the family, relaxing and being entertained – should be comfortable, not complicated. TiVo Series2 delivers an easy-to-use and easy-to-enjoy home entertainment experience."
TiVo DVR Series2 Feature Highlights
Specific features and functionality in the new TiVo include:
Media interested in reviewing the TiVo DVR Series2 should contact TiVo PR or go to www.tivo.com/pressroom.
About TiVo Inc.
Founded in 1997 with the mission to dramatically improve consumers' television viewing
experiences, TiVo is the creator of and undisputed leader in television services
for digital video recorders (DVR). TiVo's leadership has defined and inspired the
entire category, earning the company patents for pioneering inventions associated
with DVR software and hardware design. TiVo was the first to deliver on the promise
of consumer choice and control over TV viewing, building a loyal and passionate
subscriber base with over 97% of customers recommending TiVo to a friend. This enthusiasm
has contributed to an overwhelming 300% growth over the past year, bringing the
total subscriber base to exceed 280,000.
Today, the TiVo Service is available in the United States on the Philips Personal TV RecorderTM and the Sony Digital Network Recorder TM and DIRECTV Receivers with TiVo in nearly 3500 consumer electronics retail and online outlets and in the UK under the Thomson Scenium brand. TiVo is headquartered in San Jose, CA. Revenues for fiscal year ended December 31, 2000 were $3.6 million. Additional information can be found at http://www.tivo.com.
This release contains forward-looking statements. You can identify forward-looking statements by use of forward-looking terminology such as ``believes,'' ``anticipates,'' ``expects,'' ``plans,'' ``may,'' ``will,'' ``intends'' or the negative of these words and phrases or similar words or phrases. You can also identify forward-looking statements by discussions of strategy, plans or intentions. Such forward-looking statements have known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any results, performance or achievements expressed or implied by such forward-looking statements. Actual results could differ materially from those set forth in such 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.
This release contains forward-looking statements, including discussion of TiVo's revenue outlook for the second quarter. You can identify forward-looking statements by use of forward-looking terminology such as "believes," "anticipates," "expects," "plans," "may," "will," "intends" or the negative of these words and phrases or similar words or phrases. You can also identify forward-looking statements by discussions of strategy, plans or intentions. Such forward-looking statements have known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any results, performance or achievements expressed or implied by such forward-looking statements. Actual results could differ materially from those set forth in such 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 January 31, 2002, and our Quarterly Report on Form 10-Q for the period ended April 30, 2002, filed with the Securities and Exchange Commission. We caution you not to place undue reliance on forward-looking statements, which reflect our 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.