TiVo building TV Everywhere portal for cable MSO
TiVo (Nasdaq: TIVO) is building a TV Everywhere portal for an unnamed cable MSO that will allow subscribers to view content on multiple devices, including laptops and tablet computers, CEO Tom Rogers said Tuesday.
Rogers told analysts on TiVo's fourth quarter earning call that the company is still working with Charter Communications (Nasdaq: CHTR) on an interface for the MSO's migration to a cloud-based program guide. "We find that those discussions are ones we're quite comfortable with within the context of our overall agreement and their decision timeline for their rollout of advanced television," Rogers said.
TiVo has increased cable revenue through deals with cable operators such as RCN and Grande Communications that use the TiVo Premiere as their primary DVR. It also has an agreement with Comcast (Nasdaq: CMCSA) which allows TiVo customers who buy its Premiere DVR in retail outlets to access video-on-demand programming from Comcast's Xfinity lineup. Rogers said Tuesday that TiVo has seen increased retail sales in Comcast markets.
TiVo reported $65.7 million in service and technology revenue in the fourth quarter, which the company said was the highest in its history. It posted a net loss of $15.8 million, compared to the net income of $54.4 million this time last year, when its earnings were boosted by the settlement of patent litigation with AT&T (NYSE: T).
Special Report: Cable in the fourth quarter of 2012