Rochester, NY 7/9/2009 10:45:08 PM
Morning Movers - TIVO - Best Buy and TiVo Form Strategic Alliance to Transform the Home Entertainment Experience
TiVo Inc.,TIVO
Morning Movers - TIVO - Best Buy and TiVo Form Strategic Alliance to Transform the Home Entertainment Experience
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TiVo Inc.,TIVO
Last Trade: 8.79
Day's Range: 8.53 - 8.88
52wk Range: 4.00 - 11.62
Volume: 971,734
COMPANY "In The News"
TiVo Inc. (Nasdaq: TIVO - News), the creator of and a leader in television services and advertising solutions for digital video recorders (DVRs), today announced it has entered into a strategic alliance with Best Buy Co., Inc. designed to transform the digital home entertainment experience. The alliance seeks to drive greater distribution of TiVo® products and its user experience, and to provide Best Buy with a digital platform in the home to strengthen its customer relationships. For Best Buy, the alliance is a major step intended to accelerate its evolution in digital media and better serve the needs of its customers. As part of the agreement, TiVo and Best Buy plan to investigate development of a unique user interface for TiVo DVRs purchased at Best Buy which would provide Best Buy a platform to more effectively market its digital content services, to regularly offer consumers trusted advice and guidance on the digital home experience, and to provide an ongoing dialogue with customers about Best Buy's various retail offerings.
COMPANY DETAILS
TiVo Inc., together with its subsidiaries, provides technology and services for digital video recorders (DVR). It offers TiVo, a subscription-based television service that enables consumers to record, watch, and control live television; and to receive movies and television shows from cable, broadcast, and broadband sources, as well as other forms of content from broadband sources, such as YouTube videos and a collection of music videos and songs, and Internet radio.
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