Agreement Guarantees Quality Service for Existing DIRECTV TiVo Subscribers; Also Addresses Intellectual Property
ALVISO, Calif., April 12 /PRNewswire-FirstCall/ -- TiVo Inc. (Nasdaq: TIVO - News), the creator of and a leader in television services for digital video recorders (DVR), and DIRECTV, Inc. (NYSE: DTV - News), the nation's leading digital television service provider, today announced a three-year extension to the TiVo-DIRECTV commercial agreement.
Existing DIRECTV TiVo subscribers will be able to continue to receive the award-winning TiVo® service, with TiVo providing ongoing maintenance and support. In addition, TiVo and DIRECTV agree not to assert patent rights against the other. The agreement also extends the advertising relationship between the two companies. DIRECTV will continue to service existing DIRECTV receivers with TiVo service. While specific financial terms of the agreement were not disclosed, the recurring monthly economics of the agreement are similar to the economics for DIRECTV receivers with TiVo service activated since 2003.
ALVISO, Calif., April 12 /PRNewswire-FirstCall/ -- TiVo Inc. (Nasdaq: TIVO - News), the creator of and a leader in television services for digital video recorders (DVR), and DIRECTV, Inc. (NYSE: DTV - News), the nation's leading digital television service provider, today announced a three-year extension to the TiVo-DIRECTV commercial agreement.
Existing DIRECTV TiVo subscribers will be able to continue to receive the award-winning TiVo® service, with TiVo providing ongoing maintenance and support. In addition, TiVo and DIRECTV agree not to assert patent rights against the other. The agreement also extends the advertising relationship between the two companies. DIRECTV will continue to service existing DIRECTV receivers with TiVo service. While specific financial terms of the agreement were not disclosed, the recurring monthly economics of the agreement are similar to the economics for DIRECTV receivers with TiVo service activated since 2003.
