Subscribers to the TiVo service will soon be able to "rent" movies from the Walt
Disney Co. via their digital video recorders and view them on their television sets,
the company announced Wednesday. It said that some films will be available in high
definition. The service, which will require an Internet connection, will compete with similar
services from Amazon, Apple, and Netflix. (The TiVo service involves a partnership
with another online movie provider, CinemaNow.) Meanwhile, TiVo, which rarely displays
black ink in its quarterly reports, said Wednesday that it had earned $3.6 million
during its latest quarter, up from $835,000 from the year-ago period. It attributed
the result, the best in its history, to lower operating costs. The number of its
subscribers, however fell to 3.8 million, versus 4.3 million during the same period a
year ago. It also said that it expects a net loss of $2-4 million in the current
quarter.
29/05/2008
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