Mobile/PDA About Us Advertise here


		User name	Password

		Not registered yet? Register here. Lost your password? Click here.

Browse by topic

News

TiVo lost 145,000 subscribers

3 September 2007 18:05 by James "Dela" Delahunty | 7 comments

These are not easy days for TiVo Inc. The company is still struggling to add subscribers and has been hurt by miscalculations of its HDTV products' popularity in the quarter ending July 31st. It's cable partners are also still lacking in fulfilling their promises to the company. Comcast announced it would put TiVo on some of its set top boxes two years ago, but to this day there still has not been a single commercial rollout.

In a conference call, TiVo CEO Tom Rogers tried to calm concerns about those delays, saying that Comcast was ready to rollout commercially in the next four weeks in portions of Massachusetts and New Hampshire including Boston. However, the worst news for the company has been the loss of 145,000 customers in the quarter.

To make it worse, it is losing customers from those with the standalone box, its most profitable segment. It was the first decline the company suffered in its history. The company also underestimated the popularity of its new HDTV DVRs, causing it to take a $11.2 million writedown for leftover models of its standard DVR still in its inventories.

Rogers said that the growth "progressed at a pace that surprised many in the industry, including us." All the problems rolled up a $17.7 million loss, much worse than both TiVo's and financial analyst's predictions.

Source:
Betanews

Permalink to this article

TiVo gets a victory in Dish Network appeal (2 February 2008)

TiVo to offer lifetime service plan for holidays (12 November 2007)

TiVo Series3 gets long awaited updates (17 October 2007)

Comcast to provide TiVo based DVRs to customers (11 October 2007)

TiVo adds to media options by offering Rhapsody (9 October 2007)

DVR use expected to reach 50% of US households by 2011 (26 September 2007)

OEM DVR manufacturer to sell retail boxes (17 September 2007)

Philips developing smart PVR system (4 September 2007)

TiVoToGo 2.5 almost due for launch (7 August 2007)

TiVo officially announces lower priced model (27 July 2007)

TiVo ratings show movie previews getting watched (22 July 2007)

New TiVo will reportedly sell for $300 (20 July 2007)

Amazon upgrades TiVo interaction (10 July 2007)

VeohTV wants to be a contender (20 June 2007)

TiVo and DirecTV together again? (8 June 2007)

« Previous news article
Another Pirate Bay child porn investigation

Next news article »
Sony restocks 60GB PS3 online

Post your comment

Discuss this article!
BludRayne (Junior Member) 4 September 2007 9:12
I'll be canceling my service tonight, I hear it's a pain to cancel! [ + quote]
c1c (Member) 4 September 2007 11:36
I heard Tivo was tracking what people were watching. So you like to watch home and garden tv? You would get mail about landscaping etc. [ + quote]
sssharp (Junior Member) 4 September 2007 15:53
When I had dish network, paying 5 bucks for the dvr was a ripoff to me. There fees of $7-20 a month is just plain obnoxious, along with the cost of purchasing a box. I still use my vcr and one day I may make the unused pc a good recorder. [ + quote]
ripxrush (Junior Member) 4 September 2007 18:30
too little too late? I love my 2 tivos but the big issues i see are HDTV! I have a nice new LCD HDTV but an old TIVO that isn't really old! I got it right b4 my TV! (they both died independently) So i have an HD TV & standard old Tivo & did not want to spend $*)) on a new tivo that i had to pay a fee for + another $10 from my cable company for 2 cable cards that wont work correctly i hear! & the fact is i still just spend like 300 on the standard b4 that too! so i just think it is becoming easier for people to get a cable company box & just pay 1 fee not 1 for the box & 1 for the cards! (that don't work) [ + quote]
lilfree22 (Senior Member) 5 September 2007 19:19
wow thats crazy and an invation of privacy thats why i would rather just buy a basic dvr and call it a day plus dish is crap i would much rather stick to cable i dont know about you but i like watchin tv when it rains lilfree ey!!! if you got that on yo shout out box you coo with me if not then your not or i 4got lol [ + quote]
borhan9 (AfterDawn Addict) 10 September 2007 15:16
They may need to re evaluate their product and improve it for subscribers to stay with them. [ + quote]
Askar (Newbie) 27 September 2007 7:58
Until they make a hi def tivo that will allow component video or hdmi input instead of cable, I have no use for tivo at all. I just want a recorder that will record from whatever source I choose. Plus, why pay a monthly fee to record stuff. It should just work like a vcr. [ + quote]