Zoneboy
08-28-2014, 04:49 PM
Link (http://www.bizjournals.com/sanjose/news/2014/08/27/tivos-new-device-records-over-the-air-tv.html)
TiVo Inc., the Santa Clara company that makes digital video recorders, has introduced a new model that targets consumers who do not have cable television.
TiVo’s Roamio OTA is similar to its current model, but relies on a high-definition antenna instead of plugging into a cable connection. It will hit shelves Sept. 14 with a price tag of $49.99, a quarter the cost of the company’s flagship model.
"Many top TV shows in America are available with a simple HD antenna," said TiVo CMO Ira Bahr. "TiVo is devoted to making the best possible cable TV user experience available through our operator partners and in retail, but we recognize some viewers opt not to receive the benefits a subscription with a cable provider offers. TiVo Roamio OTA makes sure that they too can get a best in class DVR experience through an antenna, including our world renowned interface and industry defining recording capability at our most affordable price point ever.”
Though users of the new model won’t have to pay any subscription fee to a cable provider, they will have to pay $15 per month to TiVo and commit to no less than a year of its service.
News of the OTA model arrives with better-than-expected financial results from Tivo, whose subscriptions in the second quarter rose 33 percent from the same period a year ago.
TiVo on Tuesday announced earnings of 8 cents per share, a penny more than Wall Street’s expectation, along with a planned buyback of $350 million in stock.
TiVo Inc., the Santa Clara company that makes digital video recorders, has introduced a new model that targets consumers who do not have cable television.
TiVo’s Roamio OTA is similar to its current model, but relies on a high-definition antenna instead of plugging into a cable connection. It will hit shelves Sept. 14 with a price tag of $49.99, a quarter the cost of the company’s flagship model.
"Many top TV shows in America are available with a simple HD antenna," said TiVo CMO Ira Bahr. "TiVo is devoted to making the best possible cable TV user experience available through our operator partners and in retail, but we recognize some viewers opt not to receive the benefits a subscription with a cable provider offers. TiVo Roamio OTA makes sure that they too can get a best in class DVR experience through an antenna, including our world renowned interface and industry defining recording capability at our most affordable price point ever.”
Though users of the new model won’t have to pay any subscription fee to a cable provider, they will have to pay $15 per month to TiVo and commit to no less than a year of its service.
News of the OTA model arrives with better-than-expected financial results from Tivo, whose subscriptions in the second quarter rose 33 percent from the same period a year ago.
TiVo on Tuesday announced earnings of 8 cents per share, a penny more than Wall Street’s expectation, along with a planned buyback of $350 million in stock.