In the news release, TiVo to Launch in New Zealand Later This Year, issued 26-Mar-2009 by TiVo Inc. over PR Newswire, we are advised by the company that the forward looking statement paragraph as well as a few TiVo trademarks were mistakenly omitted. The complete, corrected release follows:
TiVo to Launch in New Zealand Later This Year
New Zealand's Largest Free-To-Air Broadcaster Partners with Seven Media Group's Hybrid TV to Offer TiVo Service in New Zealand
ALVISO, Calif., March 26 /PRNewswire-FirstCall/ -- TiVo Inc. (Nasdaq: TIVO), the creator of and a leader in television services and advertising solutions for digital video recorders (DVRs), today announced that the TiVo service will launch in New Zealand later this year.
Through an agreement with Seven Media Group in Australia, Television New Zealand (TVNZ), New Zealand's largest free-to-air and national broadcaster, has taken a 33% ownership stake in Hybrid Television Services, the Seven subsidiary that has TiVo rights in Australia and New Zealand. TVNZ's investment will support the launch of the TiVo service to customers throughout New Zealand - the second DVB-T standard country to begin offering the TiVo service.
Similar to the TiVo service available in Australia, digital Freeview channels in New Zealand will be available on broadband connected TiVo(R) DVRs. Viewers will have access to the Emmy(R) award-winning TiVo user interface, which includes internationally recognized TiVo features like SeasonPass(TM) Recordings, WishList(R) Searches and the ability to pause, rewind, fast forward, instant replay, and slow motion live and recorded TV shows.
In addition to being the largest broadcaster in New Zealand, TVNZ operates an online 'catchup TV' service known as TVNZ ondemand, where viewers can access a host of popular programs via the Internet, and, like Seven Network, TVNZ is a member of its local Freeview consortium.
'TiVo's ongoing efforts to expand its global footprint through strategic alliances with international broadcasters and cable companies is taking another step forward,' said Tom Rogers, president and CEO of TiVo Inc.