TiVo shows a Q1 net loss of $20.8 million, will launch TV Everywhere web portal soon

TiVo has released its financial results for Q1 2013, and right off the bat they show a wider than expected net loss of $20.8 million. This is despite a rise in revenue and subscribers (driven mostly by Virgin Media, which added 242,000), and the company expects another loss in the second quarter due to rising litigation costs in its ongoing cases against Motorola and Time Warner Cable. We've already heard about TiVo's new Stream placeshifting box, IP multiroom extender and six-tuner XG1 gateway, but the new product news is a plan to launch TV Everywhere streaming. The first cable operator joining in the new venture will be RCN, and TiVo says its portal will allow providers using its DVRs to ... »read more

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