TiVo signs new smart TV manufacturer and
expands BMW relationship
At CES 2024, Xperi Inc. (NYSE: XPER) announces a new OEM for
smart TVs Powered by TiVo, an expanded partnership with BMW for DTS
AutoStage Video Service Powered by TiVo, and new content partners
across the globe for the living room and the car.
Over the past 12 months, Xperi has experienced rapid success
with its independent media platforms. TiVo OS for smart TVs and DTS
AutoStage Video Service Powered by TiVo for connected cars are
focused on delivering an extraordinary entertainment experience in
a way that feels more intuitive, immersive and personal.
“We’ve recently narrowed our strategic focus and reiterated our
intention to elevate the consumer entertainment experience, whether
that be at home or on the go,” said Jon Kirchner, Xperi CEO.
“TiVo’s rich history within the industry allows us to take
advantage of our extensive media consumption insights, content
relationships and machine learning capabilities to develop
personalized, enriched and integrated solutions that solve the
needs of our partners and end users.”
Smart TVs Powered by TiVo Roll Out Across Europe
Based on decades of experience growing consumer electronics and
entertainment ecosystems, the Powered by TiVo model is designed to
maximize the lifetime value of customers for TV OEM partners. With
the expected growth of connected television (CTV) advertising to
reach 36 billion USD by 2026, television OEMs have an opportunity
to work with TiVo and participate in monetization throughout the
lifecycle of the smart TV.
An honoree of the 2024 CES Innovation Award in the Content and
Entertainment category, TiVo OS has solidified its place in the
market as being a truly independent media platform that delivers
exceptional personalization, voice search and discovery. In the
latter half of 2023, Vestel, TiVo’s first OEM partner, began to
release smart TVs to market. Beginning in Spring 2024, leading UK
retailer Argos is expected to offer Powered by TiVo TVs through
their Bush TV brand.
In addition to the first TVs being made available for purchase,
TiVo OS now has an agreement in place with an additional OEM,
Konka, and its TV brand customers are expected to launch smart TVs
Powered by TiVo across Europe. Sharp, which was announced in 2023,
is expected to be available throughout the European market as
well.
TiVo has delivered on its promise to bring entertainment
together, so that consumers can find, watch and enjoy the content
they are looking for, and has been partnering with leading content
providers such as Bloomberg, DAZN, Pluto TV, Plex, Tubi and Xumo
Enterprise, to ensure a quality content first approach.
TiVo OS is a complete, turnkey solution for OEMs looking to roll
out a new generation of smart TVs globally, efficiently and
cost-effectively – delivering a user experience that drives TV
demand and viewership. TiVo offers a first-of-its-kind neutral
platform that enables OEMs to own their brand experience and gain
significantly more control on how viewers consume content. This
approach can build brand affinity and drive TV demand, viewership
and retention for content services.
DTS AutoStage Video Service Powered by TiVo Delivers Global
Content Adoption
The role of a personal vehicle is evolving, with many consumers
now seeking greater innovation, enhanced experiences and
personalized features. In a recent consumer survey by Xperi, it was
discovered that over two-thirds of those between the ages of 17 and
44 are interested in having video, including live TV and on-demand
streaming, as part of their vehicle dashboard/screen entertainment
choices. Additionally, this cohort said that having high-quality
video capability in the dashboard in a specific vehicle model or
brand would make them more likely to purchase that vehicle.
Xperi and BMW Group recently announced the deployment of the DTS
AutoStage Video Service Powered by TiVo across various models in
the United States, Great Britain, Germany, France, Italy, Spain,
South Korea and coming soon in Japan. This video service brings an
award-winning, content-first experience to the connected car,
delivering free premium content across live TV, news, sports,
movies and more.
TiVo is collaborating with content partners across the globe to
provide relevant and timely media to BMW drivers. Content partners
include Bloomberg, CHILI, DW, Gusto TV, Pluto TV, TED, Yahoo and
leading regional content companies including Hulu Japan, JOYN,
Mediathek, NHK Plus, NTV NEWS NNN, RaiPlay, TF1+, Tubi, TVer,
WOWOW, ZDF and many more.
Having a wide array of available content options in the car is
crucial to consumers as more than 70% say having an in-vehicle,
built-in entertainment experience that automatically personalizes
to a consumer’s particular interests is important. Of those
respondents, the largest number say it is very important because it
means that they ‘don't have to fiddle with controls when they are
driving,’ followed by those saying it is important ‘because there
is so much content clutter, which makes it hard to find what they
are looking for’ and because ‘they are used to having relevant
content pushed to them on other digital platforms.’
With DTS AutoStage Video Service Powered by TiVo, consumers can
enjoy an elevated in-cabin experience, that redefines in-car
entertainment, one personalized recommendation at a time.
Throughout CES 2024, Xperi will be showcasing how Powered by
TiVo solutions are revolutionizing the entertainment industry
alongside Vestel, Sharp and BMW on the show floor and at Park MGM.
If interested, request a demo at media@xperi.com.
Consumer Survey: “From In-Vehicle Entertainment to Integrated
In-Cabin Experience” Report
For more information on TiVo OS, visit
https://business.tivo.com/products-solutions/tivo-os.
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.
©2024 Xperi Inc. All Rights Reserved. Xperi®, TiVo®, DTS®, HD
Radio™, Play-Fi®, 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.
About TiVo
TiVo brings entertainment together, making it easy to find,
watch and enjoy. We serve up the best movies, shows and videos from
across live TV, on-demand, streaming services and countless apps,
helping people to watch on their terms. For studios, networks and
advertisers, TiVo targets a passionate group of watchers to
increase viewership and engagement across all screens. TiVo is a
wholly-owned subsidiary of Xperi Inc. Go to tivo.com and enjoy
watching.
About DTS, Inc.
Since 1993, DTS has been dedicated to making the world sound
better. Through its pioneering audio solutions for mobile devices,
home theater systems, cinema and beyond, DTS provides incredibly
high-quality, immersive and engaging audio experiences to listeners
everywhere. Now, DTS is also powering imaging and sensing
technologies as well. For more information, please visit
www.dts.com.
XPER- P
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version on businesswire.com: https://www.businesswire.com/news/home/20240108025442/en/
Allyse Sanchez, Xperi Allyse.sanchez@xperi.com
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