Xperi Takes Its Independent Media Platform from the Living Room to the Car
May 24 2023 - 9:00AM
Business Wire
New BMW 5 Series to Include TiVo’s Video Media
Platform
Xperi Inc. (NYSE: XPER) today announced that BMW has selected
TiVo’s video media platform to provide customers access to a
growing number of video content providers, including linear and on
demand streaming services. BMW’s implementation of the Powered by
TiVo™ platform will include a variety of country-specific content,
offering news, movies and access to media libraries. The video
media platform is expected to roll out over-the-air in initial
launch countries by the end of 2023 for customers of the all-new
BMW 5 series and further models.
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the full release here:
https://www.businesswire.com/news/home/20230524005509/en/
TiVo's Video Media Platform (Graphic:
Business Wire)
TiVo’s video media platform is a first-of-its-kind, aimed at
giving original equipment manufacturers (OEMs) significantly more
control over the user experience and helping consumers cut through
the clutter of streaming and linear content options with
simplified, universal discovery to consumers. With an award-winning
content-first experience, global content provider scale and
profitable partnership model, Powered by TiVo is the ultimate
independent operating system. From the living room to the car,
BMW’s endorsement of an independent media platform with a
content-first search and discovery experience, validates the market
appeal. The BMW implementation will also be part of Xperi’s
independent media platform, but will be integrated in automobiles
to deliver immersive in-car entertainment experiences.
“Our independent media platform strategy is well suited for the
automotive industry as they make advancements in in-cabin
technology and creating new and adaptive experiences. We will work
closely with BMW to ensure that the in-car video media platform by
TiVo provides a best-in-class in-car entertainment experience,”
said Jon Kirchner, CEO of Xperi. “Unlike existing platforms, the
Powered by TiVo platform traverses entertainment mediums and gives
OEMs significantly more control over the user experience.”
"In-car entertainment becomes increasingly important for our
customers," said Ingo Lasslop, vice president product management
for digital products and services at BMW Group. "This collaboration
with Xperi will allow us to deliver a world-class entertainment
offering to our customers and transforms their time spent in the
vehicle even more into a captivating and enjoyable experience."
Based on decades of experience growing profitable consumer
electronics and entertainment ecosystems, the BMW video platform
Powered by TiVo will be designed to maximize the in-car
entertainment experience.
Safe Harbor Statement
This press release contains “forward-looking statements” within
the meaning of the federal securities laws. These forward-looking
statements are based on information available to Xperi as of the
date hereof, as well as Xperi’s current expectations that involve
risks and uncertainties. Forward-looking statements may involve
known and unknown risks, uncertainties and other factors that may
cause Xperi’s actual results, performance, or achievements to be
materially different from those expressed or implied by the
forward-looking statements. These statements include but are not
limited to those related to the availability, features, benefits,
functionality, attributes, and timing of release of Xperi’s
products and related services. These risks, as well as other risks
associated with the business, are more fully discussed in Xperi’s
filings with the U.S. Securities and Exchange Commission (“SEC”),
including Xperi’s Quarterly Reports on Form 10-Q and Annual Report
on Form 10-K.
About Xperi Inc.
Xperi invents, develops, and delivers technologies that enable
extraordinary experiences. Xperi technologies, delivered via its
brands (DTS®, HD Radio™, TiVo®), and by its startup, Perceive, and
IMAX Enhanced, an IMAX and DTS partnership, have been integrated
into billions of consumer devices and media platforms worldwide,
powering smart devices, connected cars and entertainment
experiences. Xperi has created a unified ecosystem that reaches
highly engaged consumers driving increased value for partners,
customers and consumers.
©2023 Xperi Inc. All Rights Reserved. Xperi®, TiVo®, DTS®, HD
Radio™, Perceive® and their respective logos are trademark(s) or
registered trademark(s) of Xperi Inc. or its subsidiaries in the
United States and other countries. All other trademarks and content
are the property of their respective owners.
XPER-P
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version on businesswire.com: https://www.businesswire.com/news/home/20230524005509/en/
Xperi Media: Allyse Sanchez, Xperi
Allyse.sanchez@xperi.com
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