With things looking worse and worse for various established media outlets like Blockbuster, it looks like TiVo may be the next one to fall apart.
According to New TeeVee, TiVo reported widening losses in their first quarter earnings this week, and also, a startling number of lost subscribers. Despite releasing their latest edition, the TiVo Premiere, the company reported its quarterly loss at $14.2 million, compared to a stark $3.9 million just 12 months earlier, making this the sixth straight quarter where they have reported a loss.
Apparently the company has also lost users, moving from 3.3 million subscribers nationally to just 2.5 million over a span of 18 months. While most companies have fallen on hard times, where many seem to be coming up out of this economic crisis, TiVo seems to be facing even harder times down the line, with their losses only widening with each quarter.
Now comes the question of why this is happening. Could it be because of the rampant additions to the world of DVR? Or is it due to the fact that now people have sites like Hulu to simply log on and watch their favorite show they may have missed. Whatever the reason may be, it’s time for TiVo to find a solution, or they may be the next media outlet to fall apart. Google TV is on its way, looking to make a rather big splash in the streaming game, and with Netflix looking straight at a primarily streaming future, this may only be the begining of the end for the former giant of the next day TV/movie watching game.
Source: New TeeVee