New York: TiVo Inc. and Yahoo! Inc. on Monday launched a collaborative service that allows TiVo users to program their digital video recorders remotely using Yahoo!'s television information websites.
Shares of TiVo rose 13 per cent on the Inet trading system, as the deal appeared to help the company find new ways to compete with cable and satellite companied that offer their own video recording services.
In the coming months, TiVo and Yahoo! will also offer Yahoo! services like photos, traffic, and weather available as part of the TiVo service.
Terms of the deal were not disclosed.
Yahoo! TV offers such information as show times, program descriptions and cast photographs as well as exclusive content like information from Entertainment Tonight and Mark Burnett Productions, which produces The Apprentice.
Under their deal, users starting on Monday can log onto any computer and use the Yahoo! site to set TiVo to record TV programs and events.
Subscribers with a TiVo Series2 box and a standard Yahoo! ID may use the service, the companies said.
TiVo shares were 13 per cent higher at $5.80 in pre-market trade, after closing Friday at $5.12 on the Nasdaq.
Shares of Yahoo! were down slightly at $37.70 after closing at $37.87 on Friday.
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