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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
02/27/201411:38:06TECH STOCKS: Workday, TiVo Help Lead Tech Rally
02/26/201417:15:13TiVo Swings to Profit, Adds Subscribers
11/27/201309:38:52U.S. Hot Stocks Futures: Hot Stocks to Watch
11/26/201317:01:38TiVo 3rd-Quarter Net Falls 79% on Prior-Year Litigation Gain
11/15/201309:18:03OZ Management LP 3Q 13F: Largest Eliminations
11/15/201309:01:33HBK Investments LP 3Q 13F: Holdings As Of Sep 30
11/15/201309:01:33HBK Investments LP 3Q 13F: Holdings As Of Sep 30 -2-
11/15/201308:55:36Highbridge Capital Management 3Q 13F: Holdings As -2-
11/15/201308:55:35Highbridge Capital Management 3Q 13F: Holdings As Of Sep 30
11/15/201307:59:24Soros Fund Management 3Q 13F: Holdings As Of Sep 30
11/15/201307:59:24Soros Fund Management 3Q 13F: Holdings As Of Sep -2-
11/15/201307:58:36Soros Fund Management 3Q 13F: Largest Sales
11/15/201306:57:24Millennium Management 3Q 13F: Holdings As Of Sep -2-
11/15/201306:57:23Millennium Management 3Q 13F: Holdings As Of Sep 30
11/15/201306:39:14CR Intrinsic Investors 3Q 13F: Largest Eliminations
11/14/201307:21:25GAMCO Asset Management Inc. 3Q 13F: Largest -2-
11/14/201307:21:24GAMCO Asset Management Inc. 3Q 13F: Largest Sales
08/28/201316:08:22U.S. Stocks Rebound After Tuesday Slump
08/28/201315:06:34TECH STOCKS: Groupon, TiVo Gain As Techs Advance
08/27/201317:20:07TiVo Swings to Profit on Google, Cisco Settlement

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