VITAMEDIAS
Public Broadcasting Service Goes TiVo: "We want to signal to our viewers and to the industry that we recognize that on-demand programming is critical, and we're preparing ourselves for non-linear viewing,' [Deron Triff, vice president of digital ventures for PBS] said.
[act.:] TiVo looking sharp, but revenue model is fuzzy: Here's the nub of the problem: TiVo's $12.95-a-month subscription model, which accounts for a big chunk of its revenue now, is almost certainly doomed in the long run. The reason: A bunch of ersatz DVRs, made by people like Zenith, RCA and Panasonic, are starting to enter the market. And they won't require subscriptions.
[act.:] TiVo doubles revenue for quarter: The San Jose, Calif.-based company said for its fourth quarter ended Jan. 31, revenue was $13.7 million, up twofold compared with the same period a year ago when revenue was $6.8 million. TiVo reported a net loss of $14.7 million, or 25 cents per share, which improved on last year's fourth-quarter net loss of $41.6 million, or 92 cents per share. [...]
TiVo also said it signed up about 115,000 new subscribers in the fourth quarter for a total of about 624,000 subscribers as of Jan. 31. Its base of subscribers grew 64 percent during its fiscal year. [...]
Despite strong holidays sales, TiVo did not meet its forecast given in November for additional subscribers in the fourth quarter. TiVo said it expected to sign up between 120,000 to 130,000 subscribers in the fourth quarter.