A leading provider of advanced television services and personal video recorders (PVRs), TiVo Inc. announced a partnership with the premier provider of home solution and telecommunication technologies Samsung Electronics Co. Ltd.
Under the collaboration, the companies will jointly build an advanced, TiVo-ready, high definition PVR set-top box for digital video broadcasting (DVB) operators. The new PVR set top box will hit the market in 2011. Financial details on the deal were not divulged.
The advanced high definition (HD) PVR will be initially available to European DVB networks and later on will be added to non-PVR devices and additional platforms worldwide.
Samsung has licensed TiVo’s Hardware Porting Kit and the new set top box will allow operators to provide a cost effective and advanced television solution. As per the deal, Samsung’s next generation set-top box will incorporate the company’s linear television, video on demand and broadband content facilities in intuitive user interface. This will enable operators to deploy PVR set-top boxes along with TiVo’s enhanced consumer experience.
TiVo also partnered with Virgin Media, Inc. to develop interactive programmes for building middleware and interface Virgin Media’s next-generation high-definition set-top boxes in the U.K. Virgin Media will embed the TiVo DVR service into its set-top boxes and will roll out in early 2011.
September 14, 2010
TiVo in major deal with Samsung
From: Zacks Investment Research|