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ONO and TiVo Launch High-Definition Hybrid TV Solution in SpainSpain's Largest Cable Operator Offers Most Advanced TV Service With the Deployment of Its First High Definition Broadband-Connected Set Top Box With DVR (November 15, 2011)
MADRID, SPAIN and ALVISO, CA -- (Marketwire) -- 11/15/11 -- ONO, the largest cable operator in Spain and a leading provider of broadband communication and entertainment services, and TiVo Inc. (NASDAQ: TIVO), the creator of and a leader in television services for personal video recorders, today announced their next generation hybrid television offering is now available to ONO subscribers in major Spanish cities, Madrid and Barcelona. ONO plans to also extend TiVo to its entire fiber optic network within the coming months.
For the first time ever, ONO will deploy a set top box offering their customers not only support for high-definition (HD) and 3D video but also digital video recording (DVR) capabilities and all through the TiVo experience. In addition, ONO offers to TiVo customers thousands of hours of broadband-delivered on demand video. As a result, ONO customers are able to enjoy the most advanced television services available in Spain.
Specifically, this new broadband-connected DVR offering will provide customers the ability to watch and control all their traditional television HD programs, enjoy on-demand and broadband-delivered content, access internet video and services such as games, and use popular TiVo features like Season Pass® Recordings to automatically record their favorite programs all with one simple click of a remote.
Joshua Danovitz, VP & General Manager, International, TiVo Inc., said, "We are thrilled that through the TiVo service from ONO over seven million new homes, which ONO passes, will now have access to the most advanced TV offering in Spain. With this HD DVR ONO customers can access a new world of on demand and Internet delivered content and enjoy a hybrid television experience that is second to none."
Fernando Meco, Marketing TV Director, ONO, added, "The launch of our TiVo offering is an important moment for ONO as we have now embraced a broadband-connected television solution that is going to dramatically change the way our subscribers think of television. The combination of ONO's extensive television content, blazing fast broadband through its own fiber optic network, and High Definition TiVo DVR further shows ONO's intent to provide the best in class products and services to the Spanish market."
For more information about how to sign up for the TiVo DVR from ONO visit www.ono.es/tivo
ONO is the leading broadband communication and entertainment provider in Spain. It offers integrated telephone, television and Internet services to its residential customers. In this segment, it has close to 1 million revenue television homes, approximately 4.3 million revenue generating units (RGUs) and 7 million homes in its service footprint. ONO also offers value-added telecommunications services to SMEs, large companies and institutions. ONO has the largest next generation fibre optic network available in Spain. ONO closed the year 2010 with total earnings of EUR 1.472 billion and operating profits of EUR M725 (EBITDA).
Founded in 1997, TiVo Inc. (NASDAQ: TIVO) developed the first commercially available digital video recorder (DVR). TiVo offers the TiVo service and TiVo DVRs directly to consumers online at www.tivo.com and through third-party retailers. TiVo also distributes its technology and services through solutions tailored for cable, satellite, and broadcasting companies. Since its founding, TiVo has evolved into the ultimate single solution media center by combining its patented DVR technologies and universal cable box capabilities with the ability to aggregate, search, and deliver millions of pieces of broadband, cable, and broadcast content directly to the television. An economical, one-stop-shop for in-home entertainment, TiVo's intuitive functionality and ease of use puts viewers in control by enabling them to effortlessly navigate the best digital entertainment content available through one box, with one remote, and one user interface, delivering the most dynamic user experience on the market today. TiVo also continues to weave itself into the fabric of the media industry by providing interactive advertising solutions and audience research and measurement ratings services to the television industry. www.tivo.com.
TiVo, the TiVo Logo, Season Pass and WishList are trademarks or registered trademarks of TiVo Inc.'s subsidiaries worldwide. © 2011 TiVo Inc. All rights reserved.
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to, among other things, specific TiVo products and timing of distribution of those products with ONO in Spain. Forward-looking statements generally can be identified by the use of forward-looking terminology such as, "believe," "expect," "may," "will," "intend," "estimate," "continue," or similar expressions or the negative of those terms or expressions. Such statements involve risks and uncertainties, which could cause actual results to vary materially from those expressed in or indicated by the 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 other potential factors described under "Risk Factors" in the Company's public reports filed with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the fiscal year ended January 31, 2011, as amended, our Quarterly Report on Form 10-Q for the period ended April 30, 2011, and Current Reports on Form 8-K. The Company cautions you not to place undue reliance on forward-looking statements, which reflect an analysis only and speak only as of the date hereof. TiVo disclaims any obligation to update these forward-looking statements.
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