TiVo says it plans to stop manufacturing its own boxes to sell directly to consumers and will instead work with a third party.
In an investor call coinciding with its first quarter results Enrique Rodriguez, President and CEO of TiVo said the as yet unnamed major manufacturer was a partner that they have “a great relationship with”.
“In the retail business we’re acting like the MSO in the context of hardware. What that means is that we’re not going to be producing or manufacturing these boxes; that would be done by our partner.”
As well as TiVo.com the manufacturer will also fulfil orders from Amazon and Best Buy.
“As far as the consumer is concerned they will continue to see the TiVo brand and use the TiVo software as is already the case,” said Rodriguez.
TiVo reported revenues of $189.8 million (€159m) and said it had made progress on its strategic objectives.
The company continues to conduct a strategic review of its business, which is ultimately expected to lead to a sale.
