The DVR pioneer says that it added 277,000 subscriptions from cable and satellite companies, the biggest increase from pay TV providers in more than seven years. And although TiVo continues to spill red ink, it wasn’t as bad as the Street envisioned. The company says it had a net loss of $10.3M in the three months that ended in April, down from a $20.8M loss in the period a year ago, on revenues of $82.6M, +21.8%. The top line far exceeded the $61.9M that analysts expected. The net loss at 9 cents a share also beat predictions for a 14 cent loss. The loss includes $10.9M in litigation expenses as TiVo prepares for a potentially important copyright infringement trial against Motorola which is due to begin on June 10 in Texas. TiVo had 3.4M subscriptions at the end of April, +8.1% vs the end of January. The growth is all due to sales of TiVo subscriptions by pay TV companies including UK’s Virgin Media, Spain’s ONO and U.S. providers including DirecTV and Suddenlink. Just 29.6% of customers receive the service directly from the company to a TiVo box — the lowest percentage ever. Still, CEO Tom Rogers says that “it is clear from our results that our vision for the future of TV is playing out as we expected it to.” He projects that, even with legal expenses, the company will be cash flow positive in the year that ends January 2014.
TiVo Beats Q1 Financial Forecasts As Pay TV Subscriptions Rise
Deadline Big Media With David Lieberman, Episode 13
Here’s Episode 13 of our audio podcast “Deadline Big Media With David Lieberman.” This week, Deadline Executive Editor Lieberman and host David Bloom discuss the news out of the 40th annual UBS investor conference on media and entertainment, including the escalating war of words between CEOs for pay-TV providers and owners of big cable networks; implications of the bombshell distribution deal between Disney and Netflix, including what it might mean for Liberty’s spinoff of Starz; and why share prices are jumping up for TiVo over its lawsuit against Google and new subsidiary Motorola Mobility.
Deadline Big Media Episode 13 (MP3 format)
Deadline Big Media Episode 13 (M4A format)
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Will TiVo See A Blockbuster Resolution To Its Patent Case Against Google?
A lot of investors seem to think the DVR patent infringement suit with Google‘s Motorola Mobility could result in either a big settlement — or perhaps a sale. TiVo‘s stock is flirting with a 52-week high: it’s up about 1.7% this morning, and more than 19% since the middle of last week when it reported generally encouraging Q3 earnings. The reason: Company watchers believe that Google wants the TiVo suit out of the way so it can sell Motorola Mobility’s pay TV set-top box business. Bids for the operation are due today, although the deadline might be extended, The Wall Street Journal reports. Outsiders say the unit should sell for about $2B. Meanwhile, TiVo’s hand in the case appeared to have been strengthened yesterday by what Lazard Capital Markets’ Barton Crockett says was “a positive claim construction ruling” involving one of the company’s key patents. TiVo has a perfect record so far in resolving these cases, including against companies that use Motorola Mobility’s DVRs. It believes that it could collect $1B in damages in its suit — equal to all of the settlements from its patent infringement case settlements with DVR providers including Dish Network, Verizon, and AT&T. The case is scheduled to go to trial in May. Read More »
TiVo Chief Says Pay TV Needs To Improve User Experience: UBS Confab
Unlike in computers and the Internet, the TV industry “hasn’t had an upgrade to its look and feel for quite a long time,” TiVo CEO Tom Rogers says. Three guesses what he wants pay TV providers to do … Read More »
TiVo’s Litigation Proceeds Enable It To Report Q3 Profit
There’s a lot of weirdness around TiVo today. The stock surged late this afternoon, to end +6.3% just before it released its Q3 earnings. But shares fell in initial after-hours trading as investors sorted through numbers that were far from analyst expectations, and included $78.4M in litigation proceeds from the settlement of the company’s patent infringement suit against Verizon. The DVR pioneer reported a net profit of $59.0M, up from a $24.5M loss in the period last year, on revenues of $82.0M, +26.6%. Revenues were far higher than the $59.9M that the Street expected. And earnings at 44 cents a share contrast with forecasts for a 21 cent loss. TiVo says it had 2.94M subscriptions at the end of October, up 8.3% from the end of July. All of the gains came from DVRs with TiVo software that were rented or sold by cable operators and DirecTV. The number of people who pay TiVo directly declined by 15,000; they now account for 35.4% of total subscriptions. Read More »
TiVo Recruits Tim Tebow For Ads: Video
Tim Tebow officially signed on today to be spokesman for TiVo. It’s the latest in a series of high-profile endorsement deals for the publicity magnet/NFL quarterback since WME snagged … Read More »
Exchange Over Romney’s “47%” Comment Was “Most Watched” Moment In VP Debate
Lots of people re-watch moments in a show that grab them. TiVo can access that info on a second-by-second basis for all of its DVR users (they say it’s done anonymously). And that’s how it came up … Read More »
TiVo Wins Needed Deal To Supply Set-Top Boxes For Mediacom
TiVo CEO Tom Rogers has to be breathing a little easier this morning. He’s been struggling to show that the DVR pioneer isn’t just running on fumes — and settlement payments from patent-infringement suits like the big one this week with Verizon – as it struggles to compete with less expensive cable- and satellite-provided DVRs. One key to his strategy has been to persuade small- to mid-sized cable systems to use TiVo software and equipment to help them compete with technology from rivals including DirecTV and Dish Network. That initiative looked wobbly after Charter — one of TiVo’s most high-profile customers — said it’s revamping its technology plans. But TiVo won a vote of confidence this morning from Mediacom, the No. 8 cable operator with about 1M subs mostly in the Midwest. Read More »
TiVo Shares Continue To Rise As Investors Expect More Patent Suit Settlements
TiVo‘s stock led the media pack yesterday, up nearly 4% after it announced that it will collect $250M from Verizon to settle their patent infringement dispute. And today it’s still on top, up about 3% to … Read More »
TiVo To Collect $250M After Settling Patent Infringement Suit Against Verizon
TiVo shares were up about 10% in pre-market trading immediately following the announcement. The deal ends a bitter legal fight that began in 2009 and was scheduled to go to trial October 1. It ensures that Verizon FiOS customers can continue to use the company-supplied DVRs, which are manufactured by Cisco. In addition, the companies say that they’re looking at arrangements to collaborate — including by offering TiVo users content from the planned Redbox Instant By Verizon streaming video service. TiVo will collect about $100M “as consideration for past damages,” and recognize some of that in the current quarter, it says in an SEC filing. The settlement also resolves Verizon‘s countersuit against TiVo. The companies say they’ve “entered into a cross license of their respective patent portfolios in the advanced television field.” Read More »
TiVO Shares Rise After Q2 Results Announcement
TiVo shares were up around 4.5% in after-hours trading after the DVR pioneer announced its Q2 results today. In its second quarter, which ended July 31, 2012, TiVo reported a loss of $27.74 million compared to a loss … Read More »
TiVo Beefs Up Ad Analytics Capabilities With $20M Acquisition Of TRA Inc.
ALVISO, CA–(Marketwire – July 17, 2012) – TiVo Inc. (NASDAQ: TIVO), a leader in the advanced television entertainment market, today announced that it has agreed to acquire TRA, Inc., maker of the first and leading platform with the world’s largest database that directly links information from the same households as to what viewers watch with what they buy. TRA matches television exposures from 1.5 million TV homes with specific purchase transactions. The acquisition is expected to create a powerful combination of insights that will offer the TV advertising industry Internet-level measurement and accountability accelerating TiVo’s position in the billion dollar television analytics business. The unit will be known as TiVo Research and Analytics (TRA). The consummation of the acquisition of TRA is subject to customary closing conditions.
TiVo and PayPal Team For Viewers To Buy Products In TV Ads
TiVo’s own data shows that its users can’t wait to skip past ads. But unlike Dish Network’s Charlie Ergen — who has infuriated the media industry with his Hopper DVR that helps viewers to automate the process — TiVo CEO … Read More »
TiVo Adds Cisco To Lawsuit List
Cisco supplies set-top boxes to distributors like Verizon and Time Warner Cable that TiVo claims infringe on its patented DVR technology. The suit was filed in Texas federal court after Cisco filed a pre-emptive suit May 30 in California … Read More »
TiVo Shares Slide After Q1 Losses Exceed Guidance
TiVo‘s stock price is down about 2% in after-market trading — following a 3% drop earlier today. The DVR pioneer ended its fiscal Q1 in April with a net loss of $20.8M, down from a $139M … Read More »
TiVo Says Time Warner Cable Infringed On Its DVR Patents
TiVo’s business model seems to be based on suing companies for selling DVRs that allegedly use its patented processes to do things that users take for granted such as watching one show while recording another. And today it challenged a formidable … Read More »




