Digital video recorders are the main products offered by TiVo, an American corporation that markets its subscription services on these video recorders. Two veterans of Silicon Graphics and Time Warner’s Full Service Network digital video system, Jim Barton and Mike Ramsay created the business as Teleworld, Inc. in 1997.
TiVo is now based in San Jose, California. The founders initially intended to create a home network device and later on stumbled into the idea of creating a means of recording digitized video on a hard disk. This idea was the concept behind the success of TiVo that now generates an annualized revenue of more than $406 million. They no longer just operate within the United States as they have expanded their coverage to countries like Australia, Canada, Mexico, New Zealand, Puerto Rico, Taiwan, the United Kingdom and several other countries across Western Europe.
The first TiVo digital video recorder was shipped on March 31, 1999. This item was released after they have exhibited their product at the Consumer Electronics Show in January of that year. Prior to that, they have already made a public trial of the product in the San Franciso Bay area in late 1998. The first DirecTV receiver was released by Philips Electronics and it has integrated the TiVo DVR on the item. The product was named DirecTiVo and was capable of storing digital signals to a hard disk.
With the products and subscription services offered by TiVo, you will no longer wait for a rerun of your favorite TV program. You can simply ask someone to record the show for you, so you can review it at a later time. Despite the presence of several websites that feature various recorded shows, the company remains profitable and subscriptions remain high.
TiVo is a publicly traded company with common stocks available on the NASDAQ.