TiVo plans private $150M offering; could stream content to iPads

TiVo (Nasdaq: TIVO), which continues to knock around the pay TV space with Charter Communications (Nasdaq: CHTR), among others, is looking to raise $150 million through the sale of convertible senior notes. The company said it would use the money to "fund intellectual property litigation (and there's a bunch of that) and research and development spending" as well as for "general corporate purposes."

The once-dominant (and before that only) digital video recording device manufacturer is also looking outside its traditional business market to become a streaming device for iPads, according to the Apple (Nasdaq: AAPL)-centric Cult of Mac.

The report said that TiVo is polling customers on an option to "stream live TV, DVR recordings and TV shows from a cable company's On Demand library to one's iPad." This would be a "killer feature," the report said, before adding, "I don't know if TiVo can pull it off."

For more:
- see this news release
- and this story

Related articles:
Embattled TiVo loses more subs, money in fourth quarter
Charter, TiVo converging TV and Internet

Suggested Articles

For now, it looks like Netflix and everyone else still have space to grow.

Flex, which Comcast recently made free for its subscribers, is a lot like X1 but not centered on Comcast’s linear video product.

Beginning Dec. 10, Comcast will replace Starz and begin offering Epix, a premium network owned by MGM, in some of its Xfinity TV premium packages.