TiVo will soon be an entirely different company

Tivo Bolt 4K
Bill Roberson/Digital Trends
Last month rumors began to burble up that Rovi was looking to acquire TiVo. The idea of the deal certainly made sense from a business perspective, but after a few days, the rumors began to settle down. In the meantime, TiVo announced a new model in its Roamio OTA DVR line.

Those rumors turned out to be true, as Rovi announced it does indeed intend to acquire the DVR king in a $1.1 billion deal. $288 million in cash will change hands as part of the deal, with the rest paid in shares of the new company.

“The combined capabilities of TiVo and Rovi place us in a tremendous position to extend services across platforms and to a customer base that includes traditional, over-the-top and emerging players across the globe,” Rovi CEO Tom Carson said. “By working together, Rovi and TiVo will revolutionize how consumers experience media and entertainment and at the same time build value for our stockholders.”

While it is Rovi making the purchase here, the new company might have some thinking it was the other way around. The name of the new company will be TiVo, which makes sense from a brand recognition standpoint — most people have a least a notion of what TiVo is, while Rovi is hardly a household name.

Rovi was initially known as MacroVision, a name that might be at least somewhat more recognizable, at least to anyone old enough to have ever used a VCR. The company originally focused on video DRM (Digital Rights Management), but eventually shifted to on-screen TV listings and metadata-based search. Between Rovi and TiVo, the new company now holds more than 6,000 patents, capable of providing it with plenty of revenue, without even accounting for TiVo’s DVR business.

The deal is subject to the standard regulatory approvals, but assuming there are no snags, Rovi expects the deal to close by the third quarter of this year.

News

Lucid Motors accepts $1 billion investment from Saudi Arabian fund

The Public Investment Fund of Saudi Arabia will invest $1 billion in upstart electric car company Lucid Motors. Lucid hopes to launch a Tesla-fighting luxury sedan called the Air by 2020.
Movies & TV

Stay inside this summer with the best shows on Hulu, including 'Castle Rock'

It's often overwhelming to navigate Hulu's robust library of TV shows. To help, we've put together a list of the best shows on Hulu, whether you're into frenetic cartoons, intelligent dramas, or anything in between.
Mobile

From true crime to comedy, here's our list of the best podcasts around

When you aren’t in the music mood, podcasts can be your ear candy. Whether you love to stay up-to-date on the latest news or want to know what’s happening in sports, you’ll find something on our must-listen-to podcast roundup.
Gaming

Nintendo announces new Animal Crossing, Final Fantasy ports, and more

Major announcements were made today during the previously postponed Nintendo Direct that included a new Luigi's Mansion game, a new Animal Crossing game, and more details on Nintendo's upcoming Online Membership.
Movies & TV

Brie Larson powers up in the first 'Captain Marvel' trailer

Academy Award winner Brie Larson will play Captain Marvel in the upcoming Marvel Studios movie hitting theaters in March 2019. Here's everything we know about Marvel's first female-led superhero movie.
Movies & TV

2018 Emmy Awards winners: The night of ‘Mrs. Maisel’ and diversity

The 2018 Primetime Emmy Awards, hosted by Colin Jost and Michael Che, was full of laughs and drama, as well as some surprises. Here is the full list of nominees, winners, and highlights from the show.
Home Theater

Bowers & Wilkins’ upgraded 600 Series speakers hit stores

Bowers & Wilkins has revamped its entry-level speaker lineup, borrowing some goodness from the company's flagship 800 Series speakers, which brings a more refined sound signature while keeping impressively low price points. What's not to…
Home Theater

Thanks to Dish Network, you can now watch live TV on American Airlines flights

Are you headed on a cross-country flight but don’t want to miss any of the fall TV premieres? Dish Network and American Airlines have partnered to bring 12 live TV channels to 100 aircraft, with plans for that number to jump to 700 in…
Home Theater

The B-Sharp turntable proves high-end audio can become a family heirloom

European Audio Team's B-Sharp turntable offers high-end buyers gorgeous sound and an astonishing build quality, making it a fantastic choice for those who are looking for a lifelong addition to their audio arsenal.
Home Theater

Want to save your favorite film? Here's how to fix a scratched DVD or CD

A scratched edition of your favorite DVD is no good, but our guide will show you how to fix a scratched DVD, whether you prefer to repair it using a smattering of peanut butter or Mr. Clean's Magic Eraser.
Home Theater

TV calibration 101: Here's how to tune up the picture of your new TV

You’ve got your new TV out of the box, but now what? Our TV picture adjustment guide takes you through the simple steps to get the best picture from your brand new TV so you can set it and forget it.
Movies & TV

More photos from 'It: Chapter Two' bring more Pennywise (and nightmare fuel)

A second film based on Stephen King's novel It hits theaters in September 2019. Here's everything we know about It: Chapter 2, which is set 27 years after the events of 2017's box-office blockbuster, It.
Deals

Cyber Monday 2018: When it takes place and where to find the best deals

Cyber Monday is still a ways off, but it's never too early to start planning ahead. With so many different deals to choose from during one of the biggest shopping holidays of the year, going in with a little know-how makes all the…
Movies & TV

‘Black Panther’ director Ryan Coogler gets assist on LeBron James’ ‘Space Jam 2’

LeBron James has brought on Black Panther director Ryan Coogler to produce his upcoming Space Jam sequel, with Terence Nance attached to direct the film. Space Jam 2 is expected to begin production in 2019.