- Canadian MSO Cogeco Cable is abandoning an in-house IPTV project and will instead roll out a multi-screen TiVo (TIVO +3.4%) DVR/video-streaming solution to its 800K video subs. The rollout is expected to start by March '15.
- The deal is TiVo's first with a Canadian pay-TV provider. Last year, Cogeco's Atlantic Broadband unit began offering a TiVo-powered service.
- Brean and Piper are out with bullish notes predicting additional deals. Brean's Todd Mitchell expects TiVo to "announce further deals with tier-2 U.S. cable companies where it is becoming the de facto standard for TV Everywhere," and also thinks "a more comprehensive deal with a large European cable company" is possible by September.
- TiVo added 341K MSO subs in the April quarter, and closed it with 4.54M total subs (3.58M MSO, 957K TiVo-owned). Virgin Media accounts for 2.1M of the MSO subs.