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Virgin Media To Launch TiVo-Powered TV Platform This Month

By Simon Zekaria Of DOW JONES NEWSWIRES LONDON -(Dow Jones)- U.K.-based cable-television and Internet provider Virgin Media Inc. (VMED) Wednesday said it will launch its new combined television and broadband interactive platform powered by U.S. digital-video-recording group TiVo Inc. (TIVO) later this month. Chief Executive Neil Berkett said he expects the "game-changing" product to drive retention of current customers and attract new ones. "I think it will be a great retention and acquisition tool. This is an extraordinary application." The set-top device--which Virgin Media is launching from mid-December under an exclusive U.K. wholesale and licensing arrangement with TiVo--brings together video-on-demand catch-up content, Internet-based applications and games. TiVo originally launched in the U.K. in 2000, in partnership with electronics manufacturer Thomson Multimedia and broadcaster British Sky Broadcasting Group PLC (BSY). However, production stopped in 2003 after BSkyB launched its own hardware. At the end of October, Virgin Media reported market-beating third-quarter results, underpinned by demand for its pay-television and Internet services in the U.K. However, the company added fewer-than-expected new customers in the three months ended Sept. 30 as its two rivals, BSkyB and BT Group PLC (BT.A.LN), increased their marketing expenditure to attract new customers. As well as TV and broadband, Virgin Media also offers telephone and mobile services. News Corp. (NWS), which owns Dow Jones & Co., the publisher of this newswire, has a stake of around 39.1% in BSkyB. -By Simon Zekaria, Dow Jones Newswires; +44 207 842-9410; simon.zekaria@dowjones.com

Stock News for Tivo (TIVO)
DateTimeHeadline
08/06/201516:11:22Statement of Changes in Beneficial Ownership (4)
07/24/201516:05:29Statement of Changes in Beneficial Ownership (4)
07/24/201516:05:29Statement of Changes in Beneficial Ownership (4)
07/24/201516:05:29Statement of Changes in Beneficial Ownership (4)
07/24/201516:05:05Statement of Changes in Beneficial Ownership (4)
07/24/201516:05:05Statement of Changes in Beneficial Ownership (4)
07/24/201516:05:05Statement of Changes in Beneficial Ownership (4)
07/24/201516:03:17Current Report Filing (8-k)
07/22/201516:02:18Statement of Changes in Beneficial Ownership (4)
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07/13/201516:02:37Statement of Changes in Beneficial Ownership (4)
07/11/201511:05:093 Ways Cable TV Could Be Great Again
07/07/201517:10:08Additional Proxy Soliciting Materials (definitive) (defa14a)
06/24/201516:02:52Statement of Changes in Beneficial Ownership (4)
06/17/201516:02:35Statement of Changes in Beneficial Ownership (4)
06/17/201509:18:10Additional Proxy Soliciting Materials (definitive) (defa14a)
06/10/201516:07:28Statement of Changes in Beneficial Ownership (4)
06/09/201502:14:48Aereo Wins Court Approval of Liquidation Plan
06/05/201511:24:53NII Confirmation Hearing Continues -- Week Ahead
06/03/201516:18:15Statement of Changes in Beneficial Ownership (4)

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