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TiVo to Offer AOL Services to Customers
- To: <ukha_d@xxxxxxx>
- Subject: TiVo to Offer AOL Services to Customers
- From: "Doug Hendry" <ksdhe0@xxxxxxx>
- Date: Wed, 1 May 2002 15:38:24 +0100
- Mailing-list: list ukha_d@xxxxxxx; contact
ukha_d-owner@xxxxxxx
- Reply-to: ukha_d@xxxxxxx
Reuters Technology is carrying the following report today. Obviously US
related - no mention as to whether/when it will make it to UK.
TiVo to Offer AOL Services to Customers
Wed May 1, 9:21 AM ET
NEW YORK (Reuters) - TiVo Inc. , a television recording technology
device
maker, on Wednesday said it agreed with media giant AOL Time Warner to
offer
AOL features such as instant messaging and live chat to TiVo customers.
TiVo and AOL had an earlier agreement in 2000 when AOL invested $200
million
in TiVo. TiVo said it would return $48 million to AOL, which in turn
would
return 1.6 million shares of convertible preferred stock to TiVo.
AOL's features will be available on TiVo's Series2 DVR, which records
television recording and also allows customers to use digital photos
and
access Internet radio.
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