In the second quarter of this year subscriptions to TiVo, the American TV DVR service, grew 33% year on year helping boost multi-system operator (MSO) revenues from the likes of Virgin Media and Ono by 37%.
The company have recently signed deals with Cogeco and EnTouch and TiVo president CEO Tom Rogers said that the company have a "robust pipeline of future distribution opportunities." Overall between April and July TiVo reported 4.8 million subscribers, 3.87 million from MSOs and 937,000 TiVo owning customers.
With the announcement of this growth, TiVo also said they are to "roll out some exciting product enhancements" in the next 12 months.
Rogers said "Our focus on mobilisation, personalisation, and organisation is working as TiVo customers have more programming choices customized according to their user-defined preferences and accessible from the cloud across different devices regardless of location."
At the same time, TiVo announced a new US$350 million share repurchase plan. The firm intends to repurchase the first US$100 million of stock during TiVo’s current fiscal year, ending January 31, 2015, with the rest to be bought in the following two fiscal years.
DTG Staff | 28.08.2014