TiVo Surpasses 3 Million Subscription Mark
Subscription Base Doubles During Year
TiVo Inc. , the creator of and a leader in television services for digital video recorders (DVRs), announced that as of January 31, 2005, its subscription base exceeded 3 million. TiVo added approximately 698,000 total net subscriptions during its fourth quarter ended January 31, 2005, including approximately 251,000 TiVo-Owned subscriptions and 447,000 DIRECTV with TiVo subscriptions.
"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," said Mike Ramsay, TiVo's Chairman and CEO. "We accomplished our goal of doubling our sub base to over 3 million subscriptions."
