TiVo Tops 3M Subs

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TiVo Inc. said Friday that it has surpassed the 3 million-subscriber mark.

The digital-video-recorder vendor said it added some 698,000 total net subscriptions during its fiscal fourth quarter ended Jan. 31 -- approximately 251,000 owned by TiVo and 447,000 through direct-broadcast satellite service DirecTV Inc.

“Last year, we launched an aggressive growth plan that included increasing our subscription-acquisition spending to grow our base, strengthen our market position and fuel our recurring revenue model," chairman and CEO Mike Ramsay said in a prepared statement. "We accomplished our goal of doubling our sub base to over 3 million subscriptions."

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