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TiVo investors give standing ovation to Comcast deal

Investors sent TiVo (TIVO) shares soaring 75% to $6.70 Tuesday after the digital video recorder pioneer unveiled its first deal to provide its widely praised television-recording service to a major cable operator.

Comcast (CMCSA), which has 21.5 million basic subscribers, agreed to offer TiVo’s software and programming guide as a premium digital video recorder (DVR) service in most of its markets by late 2006.

This entry was posted on Wednesday, March 16th, 2005 at 2:49 pm and is filed under General, Satellite TV. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.