TiVo Inc. (NASDAQ: TIVO) has reached an agreement with Google (NASDAQ: GOOG) to bring videos from YouTube to the television set. It will offer access to videos stored on YouTube directly to televisions that have a TiVo digital video recorder. The service will be available later this year to broadband subscribers that have TiVo Series3 DVRs,
including the new TiVo HD. TiVo users will now be able to search, browse and watch YouTube videos directly on television.
TiVo shares rose sharply with the market yesterday and shares are indicated up about 2% in pre-market trading this morning. Unfortunately, there are no financial terms disclosed for just what TiVo will get out of this and that makes it hard to get overly excited about this deal even if it would have been a huge score before.
Jon C. Ogg
March 12, 2008