TiVo Finance Chief Quits

05 October 2005

US personal video recorder pioneer TiVo is losing yet another of its top execs.

Chief financial officer and head of corporate products David Courtney announced his intention to quit the company early next year.

The California-headquartered firm, whose PVR technology allows viewers to time-shift TV broadcasts and skip commercials, saw ceo Mike Ramsay step down from the post early this year, and president Marty Yudkovitz jump ship shortly after.

TiVo has been struggling to increase its three million subscribers amid fierce competition from satellite and cable TV operators now offering their own PVR services.

It signed a deal with Comcast in March to develop a version of PVR technology for the number one cable giant to market to its 21.5 million customers. Under the agreement TiVo will share in subscription revenue. The service is expected to go onstream mid-2006.

Data sourced from AdAge.com; additional content by WARC staff