Cablevision to Market TiVo and Wireless Router Along With Triple Play in the Nation's Largest Cable Cluster
Cablevision to Market TiVo and Wireless Router Along With Triple Play in the Nation's Largest Cable Cluster
BETHPAGE, N.Y. and ALVISO, Calif., Aug. 24 /PRNewswire-FirstCall/ -- Cablevision Systems Corporation, one of the nation's leading entertainment and telecommunications companies, and TiVo Inc. (NASDAQ:TIVO), the creator of and a leader in television services for digital video recorders (DVR), today announced an agreement to test market TiVo and a wireless router along with Cablevision's triple play offer to current satellite customers.
Cablevision, which serves the nation's largest cable cluster, provides an increasingly integrated suite of Optimum-branded digital services that have all achieved industry-leading levels of customer penetration. These services, actively marketed as a comprehensive "Optimum Triple Play," are iO: Interactive Optimum digital cable, Optimum Online high-speed Internet access and Optimum Voice digital voice-over-cable (VoIP).
Under the agreement, Cablevision will trial a TiVo DVR with wireless router offer, enabling a broadband return without need for a telephone line, to current satellite customers who sign up for the Optimum Triple Play, for the best performance and value in digital television, high speed Internet and voice.
"For many satellite customers in our service area, there is significant value in the TiVo product and brand," said Patricia Gottesman, Cablevision's executive vice president of product management and marketing. "Adding TiVo's functionality and service to our current state-of-the-art DVR capabilities offers our customers yet another option in securing the best possible home entertainment experience."
"We are excited to partner with Cablevision and bring our functionality to those TiVo customers in the Cablevision footprint," said Brodie Keast, executive vice president and general manager of TiVo's consumer division.
About Cablevision Systems Corporation
Cablevision Systems Corporation is one of the nation's leading entertainment and telecommunications companies. Its cable television operations serve 3 million households in the New York metropolitan area. The company's advanced telecommunications offerings include its iO: Interactive Optimum digital television, Optimum Online high-speed Internet, Optimum Voice digital voice-over-cable, and its Optimum Lightpath integrated business communications services. Cablevision's Rainbow Media Holdings LLC operates several successful programming businesses, including AMC, IFC, WE and other national and regional networks. In addition to its telecommunications and programming businesses, Cablevision owns Madison Square Garden and its sports teams, the New York Knicks, Rangers and Liberty. The company also operates New York's famed Radio City Music Hall, and owns and operates Clearview Cinemas.
About TiVo Inc.
Founded in 1997, TiVo, a pioneer in home entertainment, created a brand new category of products with the development of the first digital video recorder (DVR). Today, the company continues to revolutionize the way consumers watch and access home entertainment by making TiVo the focal point of the digital living room, a center for sharing and experiencing television, music, photos and other content. TiVo connects consumers to the digital entertainment they want, where and when they want it. The company is based in Alviso, Calif.
NOTE: TiVo and the TiVo Logo are registered trademarks of TiVo Inc. in the United States and other jurisdictions. Series2 is a trademark of TiVo Inc. All rights reserved.
This release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to, among other things, TiVo's business, services, business development, strategy, subscriptions, and future earnings and financial results. 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 "Factors That May Affect Future Operating Results" 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, 2004, and the Quarterly Reports on Form 10-Q for the quarters ended April 30, 2004 and July 31, 2004. 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.
Source: TiVo Inc.
CONTACT: Jim Maiella of Cablevision, +1-516-803-3947, or
jmaiella@cablevision.com; or Jeffrey Weir of Sloane & Company,
+1-212-446-1878, or jweir@sloanepr.com, for TiVo
Web site: http://www.tivo.com/
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