A large international service provider will deploy the next generation TiVo user experience early this year, according to Tom Carson, president and CEO of TiVo.
Quoted in the company’s latest set of results, he added: “we are very excited about the future of TiVo’s product strategy and discovery solutions. For example, Virgin Media’s launch of a new 4K ultra high definition set top box powered by TiVo software including VOD functionality, is a notable product milestone. This comes on the heels of last quarter’s launch of the TiVo BOLT+, a best-in-class, all-in-one, multi-room entertainment device with six tuners and 3TB of recording capacity for customers looking for the ultimate video entertainment experience”.
Around 23 million subscriber households around the world now use TiVo’s advanced TV products.
The company had fourth quarter revenues of $252.3 million, up 69% on the corresponding period in 2015. However, net income was down from $26.3 million to $9.8 million over the same period.
Commenting on TiVo’s Q4 results Carson said they “reflect the strength of the new TiVo, and strategically important deals with Samsung, Netflix and HBO demonstrate the value of the combined company’s products and intellectual property.
“The TiVo integration is proceeding as planned and we continue to expect revenues in excess of $800 million for 2017. We also continue to expect cost synergies of at least $100 million with 65% coming from actions taken within 12 months of the close.”
