TiVo Inc. (NASDAQ: TIVO), a leader in the advanced television entertainment market, and Buckeye CableSystem, a top US cable operator servicing northwest Ohio and southeast Michigan, today announced a multi-year partnership.
Starting in June 2016, TiVo will become the primary provider of the software, user experience and cloud services for Buckeye's television offering across its service area. Buckeye will market and deploy TiVo's multi-screen offering, including TiVo-powered DVRs and thin clients, TiVo web, mobile and tablet applications, and shortly thereafter TiVo's new non-DVR Hybrid set top box (STB).
The new partnership will enable Buckeye's customers to enjoy a consistent TV experience combining TiVo's feature-rich User Interface with a market leading content experience -- the best of traditional cable content combined with diverse broadband-delivered OTT content, such as Hulu, YouTube, HBOGo, and more. The device supports TiVo's market leading whole-home capabilities, including recorded content to client STB, web, mobile and tablet applications.
In addition to the multi-room DVR solution, Buckeye will also use TiVo software and services to power a low-cost, non-DVR hybrid STB that will provide customers access to traditional linear channels, video-on-demand and OTT/TVE content all in one TiVo experience. The offering can be deployed on a stand-alone HD-STB, a client to a TiVo-Pace DVR, and as a client to next generation, cloud-TV services such as traditional linear channels delivered over IP or future TiVo network DVR capabilities. When combined with TiVo's multi-mode software, Buckeye's non-DVR hybrid STB is expected to be future-proof, providing Buckeye customers with great quality and value for years to come. The software deployed in this offering is capable of delivering traditional and broadband video without the requirement of a CableCARD.
"We are excited about our new partnership with TiVo," said Jeff Abbas, President and General Manager of Buckeye. "Deploying TiVo gives our customers access to both traditional and streaming content and the most advanced whole-home, multiscreen TV solution in the industry. TiVo allows Buckeye to rapidly deliver new technologies and immediately satisfy our subscribers' increasing demand for broadband video."
"We are proud to partner with Buckeye to provide next generation video to customers in Ohio and Michigan," added Thomas Elam, Vice President and GM of TiVo's North American operator business. "This brings Buckeye subscribers a wealth of content -- both traditional cable and broadband streaming -- in one, unified system. Buckeye viewers will have access to more content, and a better experience, than ever before."
About TiVo Inc.
TiVo Inc. (NASDAQ: TIVO) is a global leader in next-generation television services. With global headquarters in San Jose, CA and offices in New York, NY, Durham, NC, and Warsaw, Poland, TiVo's innovative cloud-based Software-as-a-Service solutions enable viewers to consume content across multiple screens in and out-of-the home. The TiVo solution provides an all-in-one approach for navigating the 'content chaos' by seamlessly combining live, recorded, on-demand and over-the-top television into one intuitive user interface with simple universal search, discovery, viewing and recording from a variety of devices, creating the ultimate viewing experience. TiVo products and services are available at retail or through a growing number of pay-TV operators worldwide. TiVo's multiple subsidiary companies provide the broader television industry and consumer electronics manufacturers with STB, cloud-based video discovery and recommendation options, interactive advertising solutions, and audience research and measurement services. More information at: www.TiVo.com.
About Buckeye CableSystem
Buckeye Cablevision, Inc., known as Buckeye CableSystem®, serves customers in northwest Ohio and southeast Michigan. Founded in 1965, Buckeye CableSystem is the second oldest continuously-owned large-city cable system in the United States. The company offers digital cable TV, high-speed Internet and residential phone in various a la carte and bundled service levels. Buckeye Cablevision, Inc. is a wholly owned subsidiary of Block Communications, Inc. headquartered in Toledo, Ohio.
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to, among other things, the future deployment of TiVo products and services by Buckeye Cablesystems commencing in June 2016. Forward-looking statements generally can be identified by the use of forward-looking terminology such as, "future", "believe," "expect," "may," "will," "intend," "estimate," "continue," or similar expressions or the negative of those terms or expressions. Such statements involve risks and uncertainties, which could cause actual results to vary materially from those expressed in or indicated by the forward-looking statements. Factors that may cause actual results to differ materially include delays in development, competitive service offerings and lack of market acceptance, as well as the other potential factors described under "Risk Factors" in the Company's public reports filed with the Securities and Exchange, including the Company's Annual Report on Form 10-K for the fiscal year ended January 31, 2015, Quarterly Report on Form 10-Q for the quarters ended April 30, 2015, July 31, 2015 and October 31, 2015 and Current Reports on Form 8-K. The Company cautions you not to place undue reliance on forward-looking statements, which reflect an analysis only and speak only as of the date hereof. TiVo disclaims any obligation to update these forward-looking statements.
