Comcast to Launch TiVo in Boston, N.E.
Cable Operator Also Announces Broadband Expansion in Vermont
By Todd Spangler & David Cohen -- Multichannel News, 5/31/2007 8:47:00 AM
Comcast is set to commercially launch TiVo digital-video recorders in Boston and other New England markets in August, according to TiVo CEO Tom Rogers.
Rogers outlined the rollout plans, which are about one year later than Comcast and TiVo expected, on a conference call Wednesday with investors.
The trials with Comcast “are progressing well and will include limited subscriber deployment between now and the early summer,” Rogers said. “Comcast's plan, and I'm now quoting Comcast directly: The Comcast TiVo trials will continue into early summer with a commercial launch plan for August. The commercial launch will be in parts of our New England division, including metro Boston, southeast Massachusetts and New Hampshire.”
Comcast, which signed the agreement with TiVo in March 2005, originally expected to have TiVo-based DVRs deployed in a majority of markets by the end of 2006.
Through Jan. 31, Comcast spent $16.2 million on development costs associated with the TiVo project, according to TiVo’s 10-K annual report. Under the terms of the deal, set to run at least through 2012, Comcast will pay a recurring monthly fee to TiVo for every subscriber who opts for the service.
On the analyst call, Rogers added that TiVo’s work with Cox Communications -- the second U.S. cable operator it has a distribution agreement with -- “is progressing well and it continues to be our expectation that Cox would roll out toward the end of the year.”
For the quarter ended April 30, TiVo reported net income of $835,000 on revenues of $60.4 million, compared with a net loss of $10.7 million and revenues of $56.8 million for the same period a year ago.
In other Comcast New England news, the MSO announced the beginning of a 300-mile extension of its fiber network in Vermont, which it said will expand access to its triple-play services in 58 communities in the state.
The operator completed a 350-mile broadband extension in Vermont last year.
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