|Charter Announces Next Generation TV Strategy With TiVo|
Charter and TiVo Enter Into Strategic Relationship to Deliver Innovative IP Enabled Video Platform
ST. LOUIS, MO and ALVISO, CA, Jan 24, 2011 (MARKETWIRE via COMTEX) -- Charter Communications, Inc. (NASDAQ: CHTR) and TiVo Inc. (NASDAQ: TIVO), today announced that Charter is setting its strategy for the next generation of television into motion with TiVo Inc. Charter and TiVo have finalized a multi-year agreement that will leverage the TiVo user interface to bring a new and enhanced entertainment experience to customers using a hybrid platform that leverages traditional cable and next generation IP technologies. Through this agreement, Charter is making a significant commitment to deploy the TiVo service to enable an enhanced television experience for consumers.
The initial phase, which is expected to launch in Charter markets later this year, will utilize TiVo's latest generation high definition user interface and TiVo(R) Premiere set top box, as well as upcoming multi-room and non-DVR platforms. Beyond the initial phase, the strategy will encompass next generation platforms that will expand the service with new devices, features, and third party applications -- all enhanced by TiVo's highly regarded discovery, search, navigation and recommendation features which allow Charter customers to experience the best of traditional and next generation television, including linear TV, video on demand, vast libraries of Internet-delivered video and IP applications.
Consumer electronics research indicates rapidly increasing numbers of Internet-connected devices in the home, and Charter is developing the strategic means to become the advanced television solutions provider for customers, bringing simplicity to the increasing complexity of home communications and entertainment. This new generation of television service will complement Charter Internet and wireless home networking services.
"We're integrating formerly disparate worlds of traditional television and online content, and making it simple for customers to quickly find the content they're looking for, as well as greatly expand their entertainment choices," said Mike Lovett, Charter's President and CEO. "Our strategic relationship with TiVo is a significant step in Charter's multi-year effort to become the solutions provider for home entertainment and consumer information technology. With our superior IP infrastructure, we're leading the way with TiVo to create a user-friendly entertainment experience that leverages an open standards platform to enable IP content and bring a whole new world of applications to the television."
Tom Rogers, President and CEO of TiVo Inc., added, "We are thrilled to have been selected by Charter for its next generation video platform, which builds on the distribution momentum we saw throughout 2010 for our products. Charter's strategic direction is highly aligned with the way we see consumer entertainment demands evolving. We believe Charter is uniquely positioned to offer consumers a ground breaking video service combining the best of traditional cable television with the dynamic world of Internet delivered video. We are pleased to offer a solution that seamlessly delivers DVR based video on demand, traditional network based video on demand, and the newest in broadband to the TV video on demand. While numerous consumer electronic players point to so called connected experiences on various platforms, our relationship with Charter underscores our mutual recognition of the importance of a fully integrated user experience in building a video platform that truly unifies all available content in a world of rapidly expanding choices for the consumer."
The following features are planned for the initial product:
*Only video programming without copy restrictions may be transferred using multi-room viewing or TiVoToGo.
About Charter Charter (NASDAQ: CHTR) is a leading broadband communications company and the fourth-largest cable operator in the United States. Charter provides a full range of advanced broadband services, including advanced Charter TV(TM) video entertainment programming, Charter Internet(TM) access, and Charter Phone(TM). Charter Business(R) similarly provides scalable, tailored, and cost-effective broadband communications solutions to business organizations, such as business-to-business Internet access, data networking, business telephone, video and music entertainment services, and wireless backhaul. Charter's advertising sales and production services are sold under the Charter Media(R) brand. More information about Charter can be found at www.charter.com.
About TiVo Inc 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, WishList, and TiVoToGo are trademarks or registered trademarks of TiVo Inc. or its subsidiaries worldwide. Copyright 2011 TiVo Inc. All rights reserved. All other trademarks are the property of their respective owners.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS 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, Charter's plans and strategies for its next-generation of television services, product features and future platforms involving TiVo. Although Charter and TiVo believe that their plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, Charter and TiVo cannot provide assurance that these plans, intentions or expectations, including the timing, if ever, of each products' availability and the availability of specific features in the future, will be achieved or realized. Forward-looking statements generally can be identified by the use of forward-looking terminology such as, "believe," "expect," "may," "will," "intend," "estimate," "continue," "anticipate," "should," "planned," "aim," "on track," "target," "opportunity," "tentative," "positioning," "potential," 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 both Charter's and TiVo's public reports filed with the Securities and Exchange Commission, including Charter's and TiVo's Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. Charter and TiVo caution you not to place undue reliance on forward-looking statements, which reflect an analysis only as of and speak only as of the date hereof. All forward-looking statements attributable to Charter or TiVo or any person acting on behalf of Charter or TiVo are expressly qualified in their entirety by this cautionary statement. Charter and TiVo disclaim any obligation to update these forward-looking statements.