TiVo Time-Shifts Company Deathwatch
Time to shelf that TiVo obituary. The “TiVolution” is picking up some new agitators. After years of struggle, the digital video recorder pioneer is back on its feet again with some new partnerships, old partnerships that are finally coming to fruition and a new business.
In the past few weeks, TiVo has signed deals with online photo-sharing services Photobucket and Picasa and the music-and-video network Music Choice. It’s begun fulfilling its contracts with cable outfits Comcast and Cox. It’s entered the media-services market, partnering with NBC Universal to provide second-by-second ratings of programs and commercials, based on the TV-watching habits of subscribers to the company’s digital video recorders.
“We are very much a technology company,” TiVo CEO Tom Rogers told the New York Times. “At the same time, in the last year and a half, we’ve substantially moved in the direction of becoming a media company.” And that’s proven a prudent move for TiVo, where things are beginning to look up. Shares of the company hit a 52-week high of $8.53 Friday. Today they were trading at around $8.35.
Too bad for TiVo that days of the standalone digital video recorder are reportedly numbered. According to Yankee Group, the standalone DVR product category will cease to exist by 2010, “and its dissolution will result in the end of TiVo as we know it.”