John Corn
08-22-03, 05:21 AM
Expects to Top 1 Million Subscriptions During the Holiday Season
- Subscription Growth Doubled Compared to Last Year; DIRECTV Growth Particularly Strong - Pioneer, Toshiba Introduce DVD Products With TiVo - Ten TiVo Enabled Models on Retail Shelves This Holiday Season
SAN JOSE, Calif., Aug. 21 /PRNewswire-FirstCall/ -- TiVo (Nasdaq: TIVO - News), the creator of television services for digital video recorders (DVRs), reported today it added a record 90,000 subscriptions in the second quarter, twice the number of subscriptions added in the same quarter of last year. Due to better than expected results in the first six months of the year, and an improved outlook for the second half, TiVo is raising its guidance for the remainder of the year.
"TiVo's momentum is accelerating. Compared to last year, we just doubled sub growth in the first half, we'll triple in the second half, and we expect to roll past 1 million subs during the holiday season," said Mike Ramsay, CEO of TiVo. "Retailers are excited about current TiVo products, as well as the upcoming integrated DVD models from Toshiba and Pioneer.
http://biz.yahoo.com/prnews/030821/sfth004_3.html
- Subscription Growth Doubled Compared to Last Year; DIRECTV Growth Particularly Strong - Pioneer, Toshiba Introduce DVD Products With TiVo - Ten TiVo Enabled Models on Retail Shelves This Holiday Season
SAN JOSE, Calif., Aug. 21 /PRNewswire-FirstCall/ -- TiVo (Nasdaq: TIVO - News), the creator of television services for digital video recorders (DVRs), reported today it added a record 90,000 subscriptions in the second quarter, twice the number of subscriptions added in the same quarter of last year. Due to better than expected results in the first six months of the year, and an improved outlook for the second half, TiVo is raising its guidance for the remainder of the year.
"TiVo's momentum is accelerating. Compared to last year, we just doubled sub growth in the first half, we'll triple in the second half, and we expect to roll past 1 million subs during the holiday season," said Mike Ramsay, CEO of TiVo. "Retailers are excited about current TiVo products, as well as the upcoming integrated DVD models from Toshiba and Pioneer.
http://biz.yahoo.com/prnews/030821/sfth004_3.html