Company will become supplier of DVR software to Virgin Media UK.
While reporting quarterly financial results that bested expectations, TiVo said Tuesday it will become a primary supplier of DVR software to Virgin Media UK, giving it access to about 4 million consumers.
TiVo CEO Tom Rogers also boasted that its longtime association with Comcast could be close to bearing some more-meaningful fruit now that technological hurdles have been met and the giant cabler is marketing TiVo again in certain parts of the country.
The company reported revenue that dipped 12% to $56.9 million and a net loss of $6.7 million, reversing a $100.7 million profit in the year-ago quarter that was boosted by money EchoStar was ordered to pay TiVo as a result of a victory in a patent lawsuit.
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