TiVo, the digital video recording company, is entering the streaming business, launching its new service Stream 4K, an Android TV-powered HDMI dongle.
Dave Shull, TiVo CEO, told Cheddar on Thursday that the company has seen an increase in viewership amid the pandemic, which is why they were undaunted in releasing Stream 4K.
“We’ve seen some really strong engagement from our viewers. We’re up 58 percent, in terms of viewership engagement across the whole TiVo platform, so that’s encouraging,” he said. “We think this new product launch, TiVo Stream, is ideally suited for what consumers want now.”
In a market dominated by Apple TV and Roku, the CEO said the $50 service is designed to merge both live and streaming options into one platform, so subscribers no longer have to switch in and out of apps to watch their favorite shows.
“We think there are some real problems with streaming today. We all love our favorite streaming shows, but we have to figure out what app is it on,” Shull said. “We solved all of that. We pulled together in one place.”
As more people continue to stay at home amid the coronavirus pandemic, Shull said this is the perfect time to launch. “Great timing. Now, we’re all concerned about our families and our friends and our neighbors, but we also need a little bit of entertainment,” he noted.
TiVo also partnered with Sling TV to give users the ability to record live television shows and developed a system of recommendations on live shows for users based on the time of day and which user is watching.
If you have a flexible spending account, here's some short information for you so you don't leave money on the table.
With high healthcare costs, bills can quickly add up. In some cases, it is possible to negotiate your medical bills. Barak Richman, law professor at George Washington University, joined Cheddar News to discuss the easiest way to talk to medical debt companies about what's owed.
Millions of people have selected insurance plans for 2024 but sometimes navigating them can be tricky time consuming and expensive. Paula Pant, host of 'Afford Anything' podcast, joined Cheddar News to break down what's needed to know about their insurance plans.
The European Union is investigating Elon Musk's X over alleged illicit content and disinformation on its platform. Cheddar News breaks it all down and discusses what it could mean for users.
Adobe and Figma called off their $20 million merger, Southwest Airlines gets fined, Nippon Steel is buying U.S. Steel and oil and gas prices surge after a pause in shipments.
With more employees being called back to the office, many workers are suddenly protesting by being in the office for as little time as possible. As the term suggests, coffee-badging means coming in for just enough time to have a cup of coffee, show your face, and swipe your badge.
Japan's Nippon steel is buying U.S. Steel for $14.9 billion.
Southwest Airlines will pay a $35 million fine as part of a settlement over a 2022 holiday season disaster that saw the airline cancel thousands of flights and leave millions of people stranded.
Cheddar News' Need2Know is brought to you by Securitize, which helps unlock broader access to alternative investments in private businesses, funds, and other alternative assets. The private credit boom is here and the Hamilton Lane Senior Credit Opportunities Fund has tripled in assets under management in just six months from November 2022 through April this year. Visit Securitize.io to learn more.
Stocks opened slightly higher after Monday's opening bell after several weeks of gains as the year closes out.
