Tuesday, April 11, 2006

TiVo Signs 3 Year Extension with DirecTV

TiVo and DIRECTV announced a three-year extension to their commercial agreement. Existing DIRECTV TiVo subscribers will be able to continue to receive TiVo service, with TiVo providing ongoing maintenance and support. In addition, TiVo and DIRECTV agree not to assert patent rights against the other. The agreement also extends the advertising relationship between the two companies. Financial terms were not disclosed, but the recurring monthly economics of the agreement are similar to the economics for DIRECTV receivers with TiVo service activated since 2003.