TiVo Inc.
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TiVo headquarters in San Jose, California
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| Public | |
| Industry | Digital video recorders |
| Fate | Acquired by Rovi Corporation |
| Successor | TiVo Corporation |
| Founded | August 4, 1997 (as Teleworld inc.) |
| Defunct | 2016 |
| Headquarters | San Jose, California, United States |
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Key people
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Tom Rogers (CEO) |
| Products | TiVo DVR |
| Revenue |
 US$ 406 Million (2014) |
| US$ 271.8 Million (2014) |
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Number of employees
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630 (2014) |
| Website | tivo |
TiVo Inc. was an American corporation whose primary product was the marketing and subscription services for its TiVo branded digital video recorder. TiVo primarily operated in the United States, but also operated in Australia, Canada, Mexico, New Zealand, Puerto Rico, Taiwan, the United Kingdom, and Western Europe. On September 8, 2016, TiVo Inc. was acquired by Rovi Corporation. The new entity became known as TiVo Corporation.
TiVo Inc. was incorporated on August 4, 1997 as "Teleworld, Inc." by Jim Barton and Mike Ramsay, veterans of Silicon Graphics and Time Warner's Full Service Network digital video system. Originally intending to create a home network device, they later developed the idea to record digitized video on a hard disk.
Teleworld began the first public trials of the TiVo device and service in late 1998 in the San Francisco Bay area. After exhibiting at the Consumer Electronics Show in January 1999, Mike Ramsay announced to the company that the first version of the TiVo digital video recorder would ship on March 31, 1999, despite an estimated four to five months of work remaining to complete the device.
Teleworld, Inc. renamed themselves to TiVo Inc. on July 21, 1999. TiVo Inc. made its IPO (Initial Public Offering) on September 30, 1999. Its first profitable quarter was the second quarter of 2005.
The original TiVo device digitized and compressed analog video from any source (antenna, cable or direct broadcast satellite). In late 2000, Philips Electronics introduced the DSR6000, the first DirecTV receiver with an integrated TiVo DVR. This new device, nicknamed the DirecTiVo, stored digital signals sent from DirecTV directly onto a hard disk.
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Wikipedia