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TiVo Plans to Enable Home Music, Pictures Service Dec 12, 1:58 pm ET NEW YORK (Reuters) - TiVo Inc. (TIVO.O) on Thursday said its television recording system will soon be able to play digital music and show pictures stored in personal computers. Data stored in file formats such as MP3 and JPEG will appear on the television that is connected to the TiVo set-top box, company Chief Executive Michael Ramsey told investors at a Credit Suisse First Boston Conference. The company will likely charge an additional fee for the premium service, which will be launched in January at the Consumer Electronics Association's CES conference in Las Vegas, he said. "There's a whole set of packages that we are doing and the main theme is around broadband and home networking. It is our next big thing," Ramsey told Reuters after the presentation. TiVo, whose technology allows users to save hours of TV shows onto a hard drive in a set-top box and makes suggestions for other programming choices, derives most of its revenue from subscribers' fees and licensing agreements with manufacturers. The new initiatives, which include a way for users to program recording times away from home through a Web site, would provide the company with additional streams of revenue. Ramsey also reiterated TiVo's forecast that its subscribers will double to 1 million in fiscal 2004, which begins in February. |
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