Market Adoption Continues with Additional Wins
for TiVo OS and Connected Car
At IFA 2023, Xperi Inc. (NYSE: XPER) will demonstrate its
commitment to delivering extraordinary experiences at home and on
the go, for millions of people around the world, elevating content
and how audiences connect with it in a way that is more
intelligent, immersive and personal.
Whether looking for movies, music, TV shows or podcasts,
consumers want personalized recommendations that meet their
entertainment needs. With a continued increase in the number of
services available, personalized search and discovery is more
important than ever. Xperi provides a platform for original
equipment manufacturers (OEMs) to engage their audience, regardless
of whether it is through a smart TV or in the car.
“The demand for digital entertainment services continues to grow
as consumer engagement builds on gains made in recent years,” says
Greg Ireland, IDC’s Future Consumer research director. “The average
number of streaming video services used by consumers grew 12%
worldwide in the past year, raising the importance for a platform
that can integrate an expanding range of services into a
personalized interface that is easy-to-use and optimizes content
discovery. Streaming platforms are a leading driver of smart TV
purchases as consumers highly value those that can deliver on
promises of personalization and ease-of-use.”
Smart TV OEMs Are Increasingly Adopting TiVo OS
At IFA 2022, TiVo announced its new operating system (OS)
designed for smart TV OEMs that are looking for an unbiased
operating system making it easier for people to find, watch and
enjoy what they love, on their terms. TiVo serves up the best
movies, shows, sports and videos from across live TV, on-demand,
streaming services and countless apps – so there’s less searching
and more watching in one integrated experience. This content-first
approach delivers a best-in-class discovery and recommendation
curation for consumers, with an easy to navigate user interface and
natural voice navigation.
TiVo OS is a complete, turnkey solution for OEMs looking to roll
out a new generation of smart TVs globally, efficiently and
cost-effectively – delivering a user experience that drives TV
demand and viewership. TiVo offers a first-of-its-kind neutral
platform that enables OEMs to own their brand experience and gain
significantly more control on how viewers consume content. This
approach can build brand affinity, and drive TV demand, viewership
and retention for content services.
Since TiVo’s original announcement a year ago, three TV OEMs
have adopted TiVo OS for their 2024 smart TV models with plans to
ship across both Europe and/or the U.S.
- Sharp will launch smart TVs Powered by TiVo as part of a
multi-year, multi-million-unit agreement. The first TVs are
expected to ship in 2024 starting in Europe.
- Vestel is expected to have its OS powered by TiVo in the
European market for the upcoming holiday season.
Taking Xperi On The Road
The automotive industry is making extensive investments to make
cars more connected, as internet connectivity is dramatically
altering the in-cabin entertainment experience. As part of this
transformation, the DTS AutoStage’s entertainment platform is
expanding rapidly, combining linear broadcast with IP-delivered
content in a unified, user-centric experience.
In the first half of 2023, Xperi and BMW Group announced the
deployment of the DTS AutoStage™ video service, Powered by TiVo™,
in their BMW 5-Series, which is expected to roll out later this
year. This video service brings an award-winning, content-first
experience to the connected car, delivering free premium content
across live TV, news, sports, movies and more. Consumers can enjoy
a personalized viewing experience tailored to their tastes,
empowering them to choose what they want to watch.
Video in the car enables consumers to catch up on content while
they are charging a vehicle, waiting in a line, or taking a quick
break during errands. Xperi’s content partners – such as Bloomberg
Television, Pluto TV, Tubi, Yahoo and local German provider Joyn –
offer this opportunity to watch in-dash entertainment in an
environment that is mutually beneficial to the consumer and the car
brand.
“The pace at which innovation and change is happening in the
market is very exciting and we’ve proven our ability to evolve
quickly with these needs,” said Jon Kirchner, CEO of Xperi, “We
believe that the technological advancements we’re pursuing with our
partners will allow consumers to create new and exciting
experiences for video entertainment, whether at home, on the go or
in the car.”
Throughout IFA, Xperi will be showcasing how it powers connected
entertainment. DTS AutoStage video service Powered by TiVo will be
demoed with BMW on the show floor, as well as TiVo OS with Sharp
and Vestel. If interested, request a demo at media@xperi.com.
Source Information
Source: IDC, Worldwide Networked Video Entertainment Device
Forecast, 2023–2027, Doc #U50602920, May 2023.
https://www.idc.com/getdoc.jsp?containerId=US50602920
Source: IDC, Consumer Pulse: Entertainment — Worldwide, 1Q23,
Doc #US50589223, April 2023
https://www.idc.com/getdoc.jsp?containerId=US50589223
Safe Harbor Statement
This press release contains “forward-looking statements” within
the meaning of the federal securities laws. These forward-looking
statements are based on information available to Xperi as of the
date hereof, as well as Xperi’s current expectations that involve
risks and uncertainties. Forward-looking statements may involve
known and unknown risks, uncertainties and other factors that may
cause Xperi’s actual results, performance, or achievements to be
materially different from those expressed or implied by the
forward-looking statements. These statements include but are not
limited to those related to the availability, features, benefits,
functionality, attributes, and timing of release of Xperi’s
products and related services. These risks, as well as other risks
associated with the business, are more fully discussed in Xperi’s
filings with the U.S. Securities and Exchange Commission, including
Xperi’s Quarterly Reports on Form 10-Q and Annual Report on Form
10-K.
About Xperi Inc.
Xperi invents, develops, and delivers technologies that enable
extraordinary experiences. Xperi technologies, delivered via its
brands (DTS®, HD Radio™, TiVo®), and by its startup, Perceive, and
IMAX Enhanced, an IMAX and DTS partnership, have been integrated
into billions of consumer devices and media platforms worldwide,
powering smart devices, connected cars and entertainment
experiences. Xperi has created a unified ecosystem that reaches
highly engaged consumers driving increased value for partners,
customers and consumers.
©2023 Xperi Inc. All Rights Reserved. Xperi®, TiVo®, DTS®, HD
Radio™, Perceive® and their respective logos are trademark(s) or
registered trademark(s) of Xperi Inc. or its subsidiaries in the
United States and other countries. All other trademarks and content
are the property of their respective owners.
SOURCE: Xperi Inc. XPER- P
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version on businesswire.com: https://www.businesswire.com/news/home/20230830580450/en/
Xperi Media: Allyse Sanchez, Xperi
Allyse.sanchez@xperi.com
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