TiVo and Netflix Announce Partnership to Instantly Stream Movies and TV Episodes From Netflix Directly to the TV Through TiVo DVRs

TiVo and Netflix Announce Partnership to Instantly Stream Movies and TV Episodes From Netflix Directly to the TV Through TiVo DVRs

Deal Provides Netflix with New Content Distribution Channel, Solidifies TiVo's Leading Position as One-Box Solution for Simple Navigation and Delivery Of the Best Entertainment Content to the TV

ALVISO, Calif. and LOS GATOS, Calif., Oct. 30 /PRNewswire-FirstCall/ -- TiVo Inc. (NASDAQ:TIVO) , the creator of and a leader in television services for digital video recorders (DVRs) and Netflix, Inc. (NASDAQ:NFLX) , the world's largest online movie rental service, today announced that they are teaming up to provide Netflix and TiVo(R) Series3, TiVo HD, and TiVo HD XL subscribers with the ability to have thousands of movies and TV episodes instantly streamed from Netflix directly to their TVs.

(Photo: http://www.newscom.com/cgi-bin/prnh/20081030/AQTH525)

The two companies said they are initiating a test of the new capability today in several thousand U.S. households and expect it to be broadly available in early December, in time for the holidays. The ability to instantly watch content from Netflix on the TV via TiVo DVRs will be offered at no additional charge to customers who subscribe to both services.

The agreement provides Netflix with an important new technology partner to instantly stream a growing library of more than 12,000 choices of movies and TV episodes directly from Netflix to the TV. It also solidifies TiVo's leading position for simple navigation and delivery of the best entertainment content to the TV.

"For Netflix and TiVo subscribers, this collaboration offers a fabulously easy way to enhance the enjoyment of watching movies in the comfort of their living rooms," said Reed Hastings, co-founder and CEO of Netflix. "Subscribers to Netflix and TiVo are avid movie watchers and this combination gives them immediate access to all of the great content available through TiVo and the thousands of additional choices available to be streamed instantly from Netflix."

"Joining forces with Netflix creates the ultimate video on demand service and solidifies TiVo's leading position as the one-box solution for aggregating, searching, and delivering the best content available anywhere right to the TV," said Tom Rogers, president and CEO of TiVo Inc. "Adding Netflix to our already vast library of content differentiates TiVo even further from any other offering in the market today."

Integrating the Netflix streaming functionality into the TiVo experience will result in quick and easy access to a growing list of movies and TV episodes that can be watched instantly at Netflix. Movies streamed from Netflix via specified TiVo DVRs is done through a wired or wireless broadband connection and a Netflix Queue-based user interface. Members visit the Netflix Web site to add movies and TV episodes to their individual instant Queues. Those choices will automatically be displayed on subscribers' TVs and available to watch instantly through the TiVo service. With the TiVo remote control, users will be able to browse their instant Queue, make selections right on the TV screen, and also have the ability to read synopses and rate movies. In addition, they will have the option of pausing, fast-forwarding, rewinding and re-starting whenever they wish.

For more information on how to have movies instantly streamed from Netflix via your TiVo DVR visit http://www.tivo.com/netflix.

About TiVo Inc.

Founded in 1997, TiVo (NASDAQ:TIVO) (NASDAQ:-) (NASDAQ:News) pioneered a brand new category of products with the development of the first commercially available digital video recorder (DVR). Sold through leading consumer electronic retailers and our website, TiVo has developed a brand which resonates boldly with consumers as providing a superior television experience. Through agreements with leading satellite and cable providers, TiVo also integrates its DVR service features into the set-top boxes of mass distributors. TiVo's DVR functionality and ease of use, with such features as Season Pass(TM) recordings and WishList(R) searches and TiVo KidZone, have elevated its popularity among consumers and have created a whole new way for viewers to watch television. With a continued investment in its patented technologies, TiVo is revolutionizing the way consumers watch and access home entertainment. Rapidly becoming the focal point of the digital living room, TiVo's DVR is at the center of experiencing new forms of content on the TV, such as broadband delivered video, music and photos. With innovative features, such as TiVoToGo(TM) transfers and online scheduling, TiVo is expanding the notion of consumers experiencing "TiVo, TV your way. (R)" The TiVo(R) service is also at the forefront of providing innovative marketing solutions for the television industry, including a unique platform for advertisers and audience research measurement.

TiVo, 'TiVo, TV your way.', Season Pass, WishList, TiVoToGo, Stop||Watch, Power||Watch, and the TiVo Logo are trademarks or registered trademarks of TiVo Inc. or its subsidiaries worldwide. (C) 2008 TiVo Inc. All rights reserved. All other trademarks are the property of their respective owners.

About Netflix, Inc.

Netflix, Inc. is the world's largest online movie rental service, with more than eight million subscribers. For one low monthly price, Netflix members can get DVDs delivered to their homes and can instantly watch movies and TV episodes streamed to their TVs and PCs, all in unlimited amounts. Members can choose from over 100,000 DVD titles and a growing library of more than 12,000 choices that can be watched instantly. There are never any due dates or late fees. DVDs are delivered free to members by first class mail, with a postage-paid return envelope, from over 100 U.S. shipping points. More than 95 percent of Netflix members live in areas that generally receive shipments in one business day. Netflix is also partnering with leading consumer electronics companies to offer a range of devices that can instantly stream movies and TV episodes to members' TVs from Netflix. For more information, visit http://www.netflix.com/.

Forward Looking Statements

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to, among other things, the expected future availability of instant streaming from Netflix to TiVo subscribers who have specified model TiVo DVRs. Forward-looking statements generally can be identified by the use of forward-looking terminology such as, "believe," "expect," "may," "will," "intend," "estimate," "continue," or similar expressions or the negative of those terms or expressions. Such statements involve risks and uncertainties, which could cause actual results to vary materially from those expressed in or indicated by the forward-looking statements. Risks and uncertainties that may cause actual results to differ materially include delays in development, failure to deploy the capability beyond initial testing, competitive service offerings and lack of market acceptance, as well as the other potential factors described under "Risk Factors" in the public reports of Netflix, Inc. and TiVo Inc. filed with the Securities and Exchange Commission, including each companies' most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Netflix and TiVo caution you not to place undue reliance on forward-looking statements, which reflect an analysis only and speak only as of the date hereof. Netflix and TiVo disclaim any obligation to update these forward-looking statements.

First Call Analyst:
FCMN Contact: MLopes@sloanepr.com

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20081030/AQTH525
AP Archive: http://photoarchive.ap.org/
AP PhotoExpress Network: PRN7
PRN Photo Desk, photodesk@prnewswire.com

Source: TiVo Inc.

CONTACT: Krista Wierzbicki, +1-408-519-9438, kwierzbicki@tivo.com, for
TiVo Inc.; or Steve Swasey, +1-408-540-3947, sswasey@netflix.com, for Netflix,
Inc.

Web site: http://www.tivo.com/
http://www.netflix.com/

---

Profile: International Entertainment