See. We Are Relevant!

Netflix and TiVo announced on Thursday their agreement to jointly develop a service to download movies directly to set-top boxes. With Netflix negotiating for film rights and TiVo working out the technology, this new services is expected to be available sometime after this year.

In response to questions of a merger between the two companies, TiVo CEO Mike Ramsay has this to say,

"I can stop that rumor right here. The reason I resigned from the board is that we now have a commercial relationship with Netflix," he told Reuters.

Let's see what happens to the distribution windows now.

See articles in Wired, CNET, The Wall Street Journal, Mercury News.