This evening Cogeco, one of the largest Pay-TV providers in Canada, announced that it would deploy the TiVo multi-screen advanced television solution to its customers. Here are a couple key points:
• Cogeco has over 800K television customers in Canada and over 1M television customers when including Cogeco’s US subsidiary, Atlantic Broadband.
• TiVo currently provides advanced television solutions for Atlantic Broadband and positive customer reception there helped lead to the deal with Cogeco.
• Cogeco’s deployment of TiVo is expected to begin early next year.
• This deal represents one of the many distribution opportunities currently being pursued.
Below is Cogeco’s commentary from their earnings press release.
IPTV/TIVO Excerpt from the Cogeco Press Release
“During the third quarter of fiscal 2014, the Corporation's subsidiary, Cogeco Cable Canada, impaired an amount of $32.2 million of property, plant and equipment, capitalized wages and borrowing costs related to an Internet Protocol Television ("IPTV") solution project on which its Canadian cable services segment had worked. As a result of the unexpected performance issues encountered with the platform, it had to be abandoned by Cogeco Cable Canada;
Subsequently, in order to enhance its competitiveness, Cogeco Cable Canada has concluded a partnership with TiVo Inc. (“TiVo”), a global leader in next-generation television services that enable viewers to consume content across all screens in and out-of-the home, that will be launched at Cogeco Cable Canada by mid-fiscal 2015. The TiVo solution was successfully launched in the first half of fiscal 2014 at the Corporation’s Atlantic Broadband subsidiary with great customer acceptance;”
