Philips Electronics Expands Distribution Of Personal TV With TiVo Service To Online Sales
Philips Electronics, (NYSE: PHG), and TiVo, Inc., (Nasdaq: TIVO), Tuesday announced that Philips Personal TV Receiver with the TiVo Service is now available for sale through leading online retailers. Online availability complements the over 2,500 national and regional storefronts where Philips Personal TV with TiVo Service is available. 800.COM, Amazon.com, CircuitCity.com, and ROXY.com were chosen as online retailers for the Philips Personal TV with TiVo Service because of their quality product presentation and superior service. They are among the highest volume retailers online and include the premier consumer electronics products on the Internet. ""For such a new product, the Philips Personal TV with the TiVo Service currently has unparalleled distribution in the brick and mortar retail market. Now we have aligned ourselves with the leading players in the e-commerce arena, adding significantly to current online availability on Philips' Web site,"" said Willem de Zoete, President of Philips Home Access Solutions. ""Our goal is to provide the best possible presentation of the product, no matter where our consumers choose to shop."" ""More and more shoppers are drawn to the convenience and ease that ordering products on the Internet affords them and that's why TiVo's online availability is so important for our potential subscribers,"" said Mike Ramsay, President and CEO, TiVo. ""We realize that for some consumers the ability to 'touch and feel' the product is essential, and we are providing this experience at thousands of retail outlets across the country. Now, shoppers everywhere have yet another way to buy TiVo, directly from their choice of online retailers. Our expanded availability is sure to bring added convenience to holiday gift givers and receivers."" The Philips Personal TV Receiver with TiVo Service is the only available offering of its kind in both national retail stores and online outlets. The Philips Personal TV Receiver has a suggested retail price of $499 for the 14 hour model and $999 for the 30 hour model, with a monthly or lifetime TiVo Personal TV Service fee of $9.95 or $199 respectively. About Philips Royal Philips Electronics of the Netherlands is one of the world's biggest electronics companies and Europe's largest, with sales of US$ 33.9 billion in 1998. It is a global leader in color television sets, lighting, electric shavers, color picture tubes for televisions and monitors, and one-chip TV products. Its 230,700 employees in more than 60 countries are active in the areas of lighting, consumer electronics, domestic appliances, components, semiconductors, medical systems, business electronics, and IT services (Origin). Philips is quoted on the NYSE, London, Frankfurt, Amsterdam and other stock exchanges. News from Philips is located at http://www.news.philips.com. About TiVo Inc. Founded in August 1997 and headquartered in Sunnyvale, Calif., TiVo is a creator of personal television. The TiVo service lets consumers take control of their television viewing by allowing them to watch what they want, when they want. TiVo enables consumers to pause, rewind, instant replay and playback in slow motion any live television broadcast. As part of TiVo's easy-to-use service and unique technology, viewers can time-shift their favorite television shows and create a customized television lineup for viewing at anytime. TiVo's intelligent ""thumbs up, thumbs down"" ratings provide a personalized selection of new programming suggestions, which ensure that the TiVo enabled receiver is always able to provide the best programs available on television to fit individual viewer preferences. The TiVo service always puts viewers' personal privacy first. To insure this, TiVo has established strict policies to help protect the privacy of consumers' personal information, while providing a valuable personalized TV experience. TiVo enabled personal video recorders can be purchased at retail outlets nationwide including, Best Buy, Circuit City, CompUSA and Sears. TiVo can be reached on the World Wide Web at http://www.tivo.com. Source: TiVo, Inc. Web Site: http://www.tivo.com