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TiVo Adds Subs, Addresses NDS Talk

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#1 OFFLINE   Chris Blount

Chris Blount

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Posted 27 August 2004 - 06:07 AM

TiVo added 225,000 DirecTV subscribers to its DVR service during its last fiscal quarter, the company reported Thursday. And company executives addressed talk about a new DVR company joining with DirecTV, possibly providing TiVo with some competition for its top customer.

TiVo Chairman and CEO Mike Ramsay took on speculation that NDS Group will debut a DVR product for DirecTV. He said that while no DirecTV DVR product has shown up yet from NDS, "we assume they will enter the market, and we are prepared to compete aggressively."

NDS Group said it's working on a DVR product for DirecTV, possibly for launch in first quarter 2005. NDS and DirecTV are both controlled by News Corp.

Ramsay pointed out that TiVo survived with its DirecTV business intact when Microsoft came and went with its Ultimate TV DVR product that was used by the satellite TV company. And he said TiVo has "tremendous competitive advantages" with its DirecTV DVR offering.

TiVo said it added 288,000 total subscriptions in the second quarter, more than triple the number it added during the same period last year. The company said that in the past 12 months its total installed base has more than doubled to 1.884 million.

Of the 288,000 net new subscriptions added during the quarter, about 225,000 are DirecTV/TiVo subscriptions, representing about four times the number of new DirecTV with TiVo subscriptions added during the same period last year. There are 1.097 million DirecTV subscribers with TiVo, the DVR company said.

TiVo said that for the quarter ending Oct. 31, it expects 340,000 to 400,000 net subscription additions, ending with about 2.2 million to 2.3 million subs. At the end of its fiscal year in late January, TiVo expects to finish with about 3 million subs, the company said.

http://www.skyreport.com (Used with permission)

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