Fergie's Tech Blog

TiVo, DirecTV Extend Relationship for 3 Years

A Reuters newswire article, via MSNBC, reports that:

TiVo Inc. and DirecTV Group Inc. Wednesday said they would extend their service and support agreement for three years, sending TiVo's shares up 9 percent in premarket trading.

Satellite TV broadcaster DirecTV said last August that it would no longer market TiVo's digital video recorders and would use its own system made by News Corp.-controlled NDS Group Plc.

While DirecTV still will not be marketing TiVo, the two companies extended a deal under which customers can receive TiVo through DirecTV. Maintenance and support for the service will be provided by TiVo, which would have been under no obligation to service DirecTV customers without an extension to the agreement, due to expire in 2007.

posted by Fergie @ 4/12/2006 10:38:00 AM