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TiVo: DIRECTV HD DVR "Getting Close"
By Swanni

Washington, D.C. (May 25, 2011) -- TiVo said yesterday that the launch of a new DIRECTV/TiVo HD DVR is "getting close."

In a call with Wall Street analysts following the release of its first quarter report, TiVo CEO Tom Rogers said: "In terms of DIRECTV, we're making real progress. We're getting close there. They are testing the product. We will launch relatively soon, I hope."

He added: "Part of the reason that it's taking somewhat longer is a bunch of additional feature work that we were doing there. I can't comment on specific features of DIRECTV such as multi-room."

In 2008, TiVo and DIRECTV announced that they were reuniting to develop a new HD DVR which would be offered to DIRECTV's subscribers in mid-2009. However, the launch has been delayed several times for reasons unclear.

TiVo's sub numbers could certainly benefit from the launch. The company said yesterday that it lost 88,000 more net subscribers in the first quarter, dropping its overall total to 1.96 million. The company had 4.4 million subscribers in 2006, which was an historical high.

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