TiVo has acquired Strangeberry, a start-up based in Palo Alto, California specializing in using home network and broadband technologies to create new entertainment experiences on television. TiVo said the acquisition would help it extend the TiVo service beyond digital video recording to include a much broader, richer entertainment experience for subscribers.
The deal includes Strangeberry’s intellectual property assets and engineering staff in exchange for equity. Financial terms were not disclosed. http://www.tivo.comAt the Consumer Electronics Show in January 2004, TiVo announced development partnerships with digital photo and music companies XM Satellite Radio, Adobe, MoodLogic and Picasa to expand the features and capabilities of the TiVo service through its Home Media Option.
