Rovi Acquires DVR Company TiVo For $1.1 Billion (usatoday.com)

Major Blud writes: TiVo, maker of one of the first consumer DVR's, has been purchased by IP powerhouse Rovi (formerly known as Macrovision) for $1.1 Billion. The combined company will go by the TiVo name. According to USA Today, "Shares of Rovi (ROVI) were up 3.7% to $17.99 in premarket trading. TiVo (TIVO) shares closed Thursday up 2% to $9.42." The combined company will reportedly hold more than 6,000 patents related to TV and video technology. Both Robi and TiVo represent a $3 billion entertainment technology company, with saving synergies of $100 million expected over the first year, the companies said.

Comments

Not as big a deal nowadays

[93 Escort Wagon]

I've always loved my Tivos, but - as we become less dependent on the cable channel feed coming into the house, the Tivo (which we still have) seems to be unused for the most part. It was a great service, but technology has largely passed it by.

I think the only thing it gets used for anymore is cop shows from CBS. My wife really likes all those NCIS/CSI/NKVD/PDQ shows on that network, and of course CBS doesn't participate in Hulu because they're trying to get you to pay some sum of money for streaming access to their third-rate network offerings. We'd save some money by dropping the Tivo monthly fee and paying for CBS' service, but I am unwilling to do so (and I don't believe my wife is even aware of "all access"). In any case, any other shows we watch generally are being streamed from Hulu.