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Archive for the ‘Press Release’ Category

TiVo to Present at the Kaufman Bros. 11th Annual Investor Conference

TiVo issued a press release today to announce their participation in the conference next week:

TiVo Inc. (Nasdaq: TIVO), the creator of and a leader in television services for digital video recorders (DVRs), today announced that it will present at the Kaufman Bros. 11th Annual Investor Conference on September 3rd. The webcast of the presentation will be available on the Investor Relations section of the TiVo website at http://investor.tivo.com under the events calendar tab.

Conference Details:
Kaufman Bros. 11th Annual Investor Conference
New York, NY
Wednesday, September 3, 2008
1:00 PM ET
Tom Rogers, CEO and President

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TiVo Reports F2Q09 Results, Turns A Profit, Comcast Cocked And Ready

TiVo today reported their financial results for the second quarter of fiscal 2009, which ended July 31st. They had a good quarter, turning in their second profitable quarter in a row, and their third ever, with $2.9 million net income and $10.6 million adjusted EBITDA. TiVo highlighted a few items in their release:

- Adjusted EBITDA for the second quarter was $10.6 million compared to a loss of $(11.2) million in the year-ago quarter, exceeding guidance
- Net Income for the second quarter was $2.9 million compared to a loss of $(17.7) million in the year-ago quarter
- TiVo service on Comcast now available in Connecticut; Comcast will also continue to fund development work for the TiVo product to expand the feature set and add support for the Tru2way infrastructure
- TiVo and Entertainment Weekly join forces to connect TV viewers with their favorite shows on an automatic basis
- TiVo successfully launched in Australia by Seven Networks
- YouTube videos now available on the TiVo service; TiVo now provides access to more television and broadband content choices than any other offering in the world
- TiVo’s recent research deal with media marketing research firm TRA ties anonymous viewing behavior to product purchases in millions of homes; Significantly changing the quality of information available to marketers

TiVo is continuing to bleed subscribers, which was expected. With DirecTV continuing to push their in-house HR20/21 DVRs are upgrades for DirecTiVo users, even with additions from Comcast, Cox, and Cablevision Mexico, TiVo lost 136,000 net MSO/Broadcaster subscribers. And while TiVo added 36,000 gross TiVo-owned subscribers, they lost 78,000 gross TiVo-owned subs, for a net loss of 42,000 TiVo-owned subscribers. This is mainly due to legacy subscribers upgrading to HDTV and opting for cable or satellite DVRs. This leaves TiVo with 1.686 million TiVo-owned subscriptions and 3.623 total cumulative subscriptions.

This may sound bad, but it is also partly because TiVo has made massive cuts in their marketing efforts to focus on profitability instead of subscriber growth. For the quarter just ended their subscriber acquisition cost was only $135, a massive decrease from the $758 of a year ago, and only a slight up-tick from the $118 of last quarter. Instead of lots of marketing, subsidies, and rebates, which drive up SAC, TiVo is focusing on working with retailers and other vendors to bundle TiVo with HDTV purchases to capture those upgraders before they pick up another DVR. They’re also focusing on their partnerships with Cablevision Mexico, Comcast, Cox, and Seven Network in Australia.

And in that area things are looking good. The TiVo launch in Australia with Seven Network has been going well and TiVo is happy with it, though actual figures have not been released. And Comcast is finally ready to start a major marketing push and to announce more territories:

In regards to our mass distribution strategy, a top Comcast executive offered the following comments on the progress the TiVo on Comcast service has made to date: “We are pleased with the progress of the TiVo service and have broadened its footprint in our New England market to Connecticut. Refinements to optimize the product’s performance have been mostly completed, significantly improving the user experience. Importantly, we intend to light up a full marketing campaign around TiVo in September and, upon this occurring, we will be announcing multiple additional markets to which TiVo will be rolled out through next year. We will also continue to fund development work for the TiVo product, which will include expanding the feature set and adding support for Tru2way infrastructure.”

Rogers stated, “Additionally, the TiVo service on Cox, which is currently in trials, is on track for a launch in Cox’s New England market later this year.”

“On the international front, Seven and TiVo successfully launched the TiVo service in Australia and because of the significant consumer demand there, retailers chose to release the product early. We are also extremely pleased with the marketing shoulder Seven is putting behind this launch as they’ve prominently featured TiVo in their marketing and programming including the Olympic opening ceremonies, their top rated morning show, and a special advertising spot they developed, which includes dozens of Australian celebrities. International distribution is an increasingly important component of our business model and there continues to be tremendous interest from international distributors for the TiVo offering.”

During the Q&A session when asked if Comcast had gotten to the point where they don’t require a truck roll for the TiVo software install, Rogers answered that that issue was a dependency on non-TiVo software and that Comcast was close to deploying the solution. It sounded like that was the gating factor for Comcast to launch the marketing effort, and that also helps explain Comcast’s satisfaction despite the delays, it doesn’t sound like it was TiVo’s problem.

During the Q&A session at the end of the call, Rogers once again mentioned a tru2way TiVo box, what the user community has started calling a ‘Series4′. He didn’t offer any specifics (unsurprisingly), but his feeling is that it will take more time for the industry to establish a national tru2way playing field to make it viable to release such a product. Personally I think that they may show something, prototype perhaps, at CES in January with the release for later in 2009 as most of the cable MSOs have pledged to have tru2way in place by July, 2009. Just my speculation.

You can get more information from TiVo’s release and key metrics.

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TiVo Officially Announces Entertainment Weekly Partnership

In what they’re calling an “Unprecedented Partnership” (wasn’t it preceded by a very similar deal with the Chicago Tribune? I don’t think unprecedented means what you think it means), as I posted earlier today, TiVo is teaming up with Entertainment Weekly.

Fromm their press release:

Entertainment Weekly’s ‘What to Watch’ TV recommendations will now be even easier to access, as the TiVo® service will automatically record the suggested programs. As a result, broadband enabled TiVo subscribers are guaranteed to always have the best programs available to watch whenever they turn on the TV set. The service is expected to launch this fall.

In addition, TiVo subscribers will be able to download Entertainment Weekly video content on the TiVo service, allowing viewers to enjoy EW.com’s original programs such as “Just a Minute,” “Ausiello TV,” “Idolatry,” and behind the scenes video from photo shoots.

It sounds pretty much exactly like the Chicago Tribune deal, a combination of an Entertainment Weekly Guru Guide and TiVoCast(s). This deal will probably result in more exposure for TiVo as EW’s audience is a lot more focused than the Tribune’s.

Though I think they might be laying it on a wee bit thick:

This unprecedented partnership allows two powerful properties to work together to create a more seamless television viewing experience for their respective audiences. TiVo chose Entertainment Weekly to be their trusted voice, and together, they are bridging the gap between Entertainment Weekly readers and all television viewers using the TiVo service. This truly holistic solution maximizes the service EW offers its audience with the innovation and ease of the TiVo service.

An ‘unprecedented partnership’ and a ‘truly holistic solution’? Really? TiVo, I love you pal, but I think that’s a little much for a marketing arrangement with some Guru Guides and TiVoCasts. ;-) I’d be happy to be surprised by there being more to it, but that’s what it sounds like. A good deal, but not warranting such effusiveness.

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Roxio Launches Creator 2009

Roxio Creator 2009

Roxio Easy Media Creator 10 is being updated and it is now known simply as Roxio Creator 2009. This is Roxio’s premier media creation and authoring package for Windows. Creator 2009 has a new UI and supports HD content from AVCHD camcorders and transfers from HD TiVos for Blu-ray discs with a free HD/Blu-ray plug-in, a $29.99 value (a limited time offer). You can also easily share your content online via a free, secure Roxio web page or via YouTube. Roxio Creator is the only officially endorsed authoring tool for TiVoToGo on Windows.

Through September 30, 2008 you can buy Creator 2009 for $79.99 (after $20 Mail-in Rebate) and receive the High-Def/Blu-Ray Disc plug-in (a $29.99 value) free. So that’s a $129.98 for $79.99.

Roxio issued a press release to detail all of the changes and improvements in Creator 2009:

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DISH Network Offers All SD & HD Content Via MPEG-4 AVC

DISH Network now offers all of the standard- and high-definition programming via MPEG-4 AVC in 21 markets: Cleveland, OH; Richmond, VA; Baltimore, MD; Columbia, SC; Tampa, FL; Green Bay, WI; Greensboro, NC; Providence, RI; Greenville, SC, Knoxville, TN; Raleigh, NC; Chicago, IL; Detroit, MI; Charlotte, NC; Dallas, TX; Nashville, TN; Minneapolis, MN; Philadelphia, PA; Washington, DC; New York, NY; and Hartford, CN. The all-AVC service will be rolled out to additional markets over time. DISH is the first pay-TV provider to offer all-AVC service.

The migration to MPEG-4 AVC away from MPEG-2 will allow DISH Network to add additional channels, especially HD content, as the new codec is more efficient and allows for more channels to be carried by the available satellite transponders.

Dish issued a press release, though I take issue with the phrase “Blu-Ray Disc quality 1080p resolution”. While it may be 1080p HD content, and Blu-ray is indeed 1080p, DISH sure as hell is not coming close to the bitrates delivered by Blu-ray (nor would I expect them to), so they can’t match the overall image quality. Not to mention the lossless audio available on many Blu-ray titles. Here’s the release:

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TiVo Announces Stop||Watch Commercial And Program Rankings For June

TiVo Wednesday issued a press release announcing their Stop||Watch results for June. The results continue the pattern from past months, with the top rated spots not necessarily being run during the highest rated programs.

TiVo Inc. (Nasdaq: TIVO), the creator of and a leader in advertising solutions and television services for digital video recorders (DVRs), today unveiled the Top Commercial and Program Rankings for June 2008, as viewed by TiVo(R) service subscribers.

“June is always an unusual month in the Broadcast calendar because most programming is re-runs and summer fare,” said Todd Juenger, Vice President & General Manager, TiVo Audience Research & Measurement. “However, there are still a few big network program finales that dominate the ratings, such as the 2-hour finale of Lost, which lead the top commercials for both Total Viewership and Timeshifted Viewership. Interestingly, U.S. Open Final (golf) also placed high in Total Viewership, but is nowhere to be found on the Timeshifted Viewership, as the vast majority of viewing occurred live.”

Juenger continued, “What is particularly impressive is that every commercial in the Top 10 for Timeshifted viewing aired during the Lost season finale — in fact, the top 86 commercials for Timeshifted viewing aired during Lost. The rank order of the specific commercials continues to demonstrate the choices viewers are making about which commercials to watch. The top 5 spots in Timeshifted viewing were all for movies, with the highest spot getting a 7.7 Timeshifted rating. The lowest spot from this Lost episode got a 2.8 Timeshifted rating, approximately 64% lower than the audience of the highest rated spot.”

The full press release has table after table of result data if you’re interested.

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Sony Bumps The PlayStation3 To 160GB

Sony is boosting the capabilities of their PlayStation3 lineup while maintaining their price points. The $399.99 MSRP price point, formerly 40GB, is now an 80GB unit. Previously announced, this is now shipping to retailers.

And today Sony announced a new unit for the $499.99 price point, with 160GB. But more than just a boost in storage capacity, Sony will launch the 160GB unit in November as part of a bundle. The bundle will include the 160GB PS3, a copy of the game Uncharted: Drake’s Fortune, a voucher for a couple of the game PAIN via the PlayStation Store, and a DUALSHOCK 3 Wireless Controller. All for $499.99. That sounds like a pretty good deal, especially since I my 60GB PS3 cost me the same amount with no bundle back when I got it.

Of course, the PS3 remains one of the best Blu-ray players on the market. But the additional storage space will make a difference now that Sony is offering video downloads, including HD video, via the PlayStation Store, and as they move toward increasing broadband game distribution.

Their press release:
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Toshiba Still Ruled By Pride, Still Ignoring Blu-ray

Toshiba got its hindquarters handed to it in the HD DVD / Blu-ray format war, and that had to sting. But while all of the other HD DVD backers have sucked it up and moved on to embrace Blu-ray (even Microsoft has announced they’re adding native Blu-ray support to Windows, I hear hell had a run on ice skates), Toshiba just seems to have dug in their heels and is acting like Blu-ray doesn’t exist. If HD DVD couldn’t win, fine, then they’ll just put out high end DVD players. I didn’t know multinational corporations could be so Emo.

So today Toshiba dropped a press release entitled Toshiba ‘Breathes New Life’ Into DVD with XDE™ Technology. XDE stands for eXtended Detail Enhancement, which to me sounds like nothing more than upscaling with fancy edge enhancement and color contrast adjustment. Frankly it sounds like crap to me, based on the press release.

XDE Flexibility

In addition to upconversion from 480i/p to 1080p, XDE technology offers consumers the ability to customize their viewing experience to their liking with its picture mode settings. With these three selectable settings — Sharp, Color and Contrast — users can get the most out of their DVD movie-viewing experience on their terms.

– Sharp Mode offers improved detail enhancement that is one step closer to high definition. Edges are sharper and details in movies are more visible. Unlike traditional sharpness control, XDE technology analyzes the entire picture and adds edge enhancement precisely where it’s needed.

– Color Mode makes the colors of nature stand out with improved richness. Blues and greens are more vivid and lifelike. Color Mode combines the improvement in color with the detail enhancement of Sharp Mode and is ideal for outdoor scenes.

– Contrast Mode is designed to make darker scenes or foregrounds more clearly visible without the typical “washing out” that can occur with traditional contrast adjustment. Recommended for dark scenes where detail may be difficult to notice, Contrast Mode is also combined with Sharp Mode to provide a clearer viewing experience.

So ‘Sharp Mode’ cranks up the edge enhancement. But too much edge enhancement is one of the most common complaints videophiles have about many titles. This is the kind of cheap trick studios use to try to make an image ‘pop’, but it is unnatural. And now your DVD player can do it to all of your discs. Yay?

‘Color Mode’ sounds like it just tweaks the color palette to favor blues and greens, which can certainly make an image seem more vivid, but artificially so. This is the same kind of trick box stores use to make images on HDTVs look more striking on the wall of screens. And also why the first thing you should do is calibrate your TV, because the settings it comes with are great for selling the set in the store, but not for accurate color reproduction at home.

And ‘Contrast Mode’ cranks up the contrast. But if the contrast isn’t there in the source material, then it must be artificially boosting and/or suppressing some of the picture to increase the contrast. It all sounds like a high-tech, fancy way of doing what people used to do with the color, tint, and contrast knobs on old TVs - and the menus that replaced them on new TVs. This doesn’t sound so much like ‘breathing new life’ into DVD as it does ‘putting DVD in an iron lung’.

You know what these remind me of? Those silly audio modes most receivers have. You know, like ‘Concert Hall’? The settings that mess with the sound to supposedly recreate the feeling of a different space, but in reality are about as close the the real thing as Froot Loops cereal is to real fruit. The snozberries taste just like snozberries!

Sure, I’m just basing this off their press release and I haven’t seen it for myself. But even if they’ve been remarkably clever about the technology, it doesn’t change the fact that they’re just upscaling DVDs and tweaking the picture to try to make it look better. They’re just putting lipstick on a pig compared to real HD media like Blu-ray. No matter how you slice it, the best DVD can provide is one-sixth the raw pixel count as Blu-ray. And no matter how clever your algorithms are to interpolate the data, you just can’t recreate what isn’t there to start with. You can never start with a 480p source and upscale it to 1080p and match a native 1080p source.

So who is going to buy XDE players? People with extensive existing libraries of DVD you say? I have many hundreds of DVDs myself. But Toshiba is selling their XD-E500 1080p/24fps Upconverting DVD player, their first XDE-equipped player, for $149.99. Now, it also handles MP3 and WMA music playback, JPEG display, and is DivX certified, which is all well and good. But you can get a non-XDE player with all of those features (1080p24 upscaling, MP3/WMA, JPEG, DivX), for $50-$60. I myself have a Philips unit I picked up a while back from Amazon for around $60 which has those features, plus known codes to enable region free playback, and it handles NTSC< ->PAL. The Toshiba is unlikely to have either of those features. So is XDE worth the extra $90-$100? Or even $50 if the player is that much cheaper online? Will XDE and the Toshiba logo on the box convince people to pay double what they can get another unit for?

I doubt it will for the majority of users. Any improvement can only be just so good, and you’d need a good HDTV to really get the full benefit. And that’s after you manage to educate users on just what XDE is. When someone in standing in their local Best Buy, comparing units on a shelf, and the only differences are the brand, the price, and that the Toshiba has ‘XDE’, you’ve got an uphill battle on your hands to educate the user on what XDE is and why they want it.

So you’re really after users who are willing to spend more for a (supposedly) better quality picture. But then the users most likely to b