TiVo “Non-DVR” Software to be Integrated into Connected TVs from Best Buy

May 26, 2010 - PRLog -- TiVo and electronics retailer, Best Buy, announced agreement to integrate TiVo’s software and advanced TV services (non DVR) into new connected TV sets from Insignia, Best Buy’s in house consumer electronics brand. According to the companies, the new Insignia TV sets will utilize the latest TiVo non DVR software and advanced television service to provide consumers with an “exceptional, intuitive” user experience for accessing online content. “Consumers tell us they want the best of Internet-based content delivered right to their televisions without the hassle of having to fumble with multiple devices, wires, and remotes. The beauty of TiVo software is that it creates a single interactive interface right on the television and integrates the myriad of online content and services. Insignia is thrilled to work with TiVo to bring this superior experience to our customers through our TiVo-powered Insignia television” said Fernando Silva, VP of Best Buy Exclusive Brands.

Jim Denney, TiVo’s General Manager and VP of Product Marketing added: “TiVo has evolved into so much more than a DVR. We are able to customize and deliver solutions that best meet the needs of our partners like Insignia with the ability to integrate TiVo’s software and advanced television services onto either set-top boxes or consumer electronics devices in a non-DVR capacity to deliver one of the best in-home entertainment experiences for consumers. We are extremely proud to be teamed with Insignia to bring the TiVo experience to this leading consumer electronics brand and we look forward to continuing to work with Best Buy on possible future endeavors”.

TiVo also released its financial result for the first quarter ended April 30th. During the quarter, TiVo achieved its highest Q1 net revenues in three years with a total net revenue of $61.4 million compared to $55.1 million for the year ago quarter.

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