TiVo Ships 80-Hour Series2 Unit, Offers $50 Rebate

Reprinted from a TiVo press release:

TiVo (NASDAQ: TIVO) , the creator of and undisputed leader in television services for digital video recorders (DVR), announced today it has increased the recording capacity of the TiVo Series2 to 80 hours and has instituted a $50 rebate offer on all TiVo Series2, including 80 hours, 60 hours and the AT&T Broadband 40 hour DVRs.

The new TiVo Series2 with 80 hours of recording capacity and the rebate offer will be available through leading national and regional consumer electronics outlets including Best Buy, Abt Electronics, Amazon.com, Good Guys, Tweeter and Ultimate Electronics. The rebate is also available directly from TiVo at tivo.com.

These same retailers will also offer the remaining inventory of 60 hour Series2 DVRs from TiVo for only $299 after mail-in rebate, while supplies last. The 40 hour TiVo Series2 available only through AT&T Broadband will sell for only $249 after rebate, making it the most affordable digital video recorder (DVR) in the marketplace. (See Pricing Chart Below)

“With 80 hours of recording capacity for our top of the line Series2 and an entry price point of only $249 for the AT&T Broadband 40 hour unit, TiVo will be offering the best DVR value in the market when holiday shoppers start filling their Christmas wish lists,” said Joe Miller, Vice President of Sales and Marketing at TiVo. “Introducing this expanded recording capacity 80 hour Series2 allows us to offer exceptional bargains on the remaining 60 hour units and the 40 hour unit available only through AT&T Broadband.”

  New TiVo Pricing Structure for All Standalone Units

  Size     Retail New Retail  W/Rebate  Distribution  On-line
  40 Hour  $299               $249       Online       attbroadband.tivo.com
  60 Hour  $399   $349        $299       Retail       tivo.com
  80 Hour  New!   $399        $349       Retail       tivo.com,
                                                      Amazon.com
						      

The TiVo service can be purchased for a one-time additional fee of $249, or for a monthly fee of $12.95.

TiVo digitally records television programming directly onto a hard drive, eliminating the hassles of videotape. TiVo automatically records viewers’ favorite TV shows, even if the network schedule changes. The Series2 DVR now offers up to 80 hours of recording time in a box that is TiVo’s smallest and sleekest yet. The TiVo Series2 DVR has two USB expansion ports, providing future connectivity with a broadband connection or home network.

TiVo Series2 Digital Video Recorders must be purchased between 10/01/02 and 12/31/02. Products purchased before or after these dates are not eligible for the rebate offer. Rebate is a mail in, cash back offer, redeemed with proof of receipt. Additional terms and conditions apply. Rebate forms can be found at http://www.tivo.com/.