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FBN's Shibani Joshi with TiVo CEO Tom Rogers on the future of the company, its competitors and recent legal battles.
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Our look back out to California to be all things digital conference where my co -- your -- Josie is joined.
What they special guest mr.
-- -- Eric Strauss well it's a company name that's turned itself into -- -- it just Tivo it.
We're joined now by the CEO I've -- -- Tom Rogers happy to have you here today in -- -- yeah.
Have a location easy to get you into a nice place like this right well it's great to be here thank you let's -- talking about the numbers two weeks ago you announced your best and most profitable.
Quarter that you've seen your company's history.
But -- the company overall still edging towards profitability subscriber growth seems to be going in the wrong direction.
What is the road ahead look like for T.
Well we -- a great quarter.
That.
Major infusion of cash one of the big lawsuit.
-- we have agreed.
Opportunity in terms of continued enforcement of our patent technology.
And on the subscriber front we've entered into a number of deals with cable satellite operators both in the United States and worldwide.
And that's gonna fuel all -- awful lot of growth for us.
When you say the subscriber numbers are going in the wrong direction of that is.
Old legacy.
DVRs from -- first incarnation which obviously have been turning off their standard definition TV but our.
New HD digital platform which gives you so much more than just recording device but.
Access to seven million pieces of content and entertainment that.
Satellite and cable don't give you that's a growth platform for -- our cable satellite deals -- growth platforms for us as well.
You talk about the settlement with dish you also have -- litigation patent litigation against some of the attendees at this year's conference AT&T Verizon Microsoft.
How important is it to pursue these efforts.
What is your what what's your outlook on all of this right now.
Well we yielded over 600 million dollars from one -- one defendant.
We have a very substantial patent portfolio -- over a hundred patents.
We have sued AT&T Verizon Microsoft for infringement of three of those patents -- -- which we did not have at the time that we.
Filed suit against dish.
We think that AT&T and Verizon have basically built their television business.
All the back of DVR claims saying that they have a DVR capability that the cable industry doesn't have.
We decided that we needed to enforce our rights there we think there's substantial upside for shareholder -- -- -- possibility this is distracting the company because often times legal.
-- that moments like this can distract you from pursuing a more aggressive growth strategy.
Well it hasn't distracted the company or we have very few people are actually devoted to these people enforcement of our patents.
It's been an overhang on the company's stock which was one of the reasons that we settled the case when we did.
Took in the -- that looked.
We now have -- clearly established that we have lots of value in our patents.
We want to go often continue to enforce them and hopefully that creates some clarity over time -- turn to the market's perception of us.
From an operating point of view not a distraction -- all we have ten seconds before we go what's the next thing we can expect out of -- now.
Well we are pushing really hard to make sure -- that you can get anything you want when ever you want it to your television set.
The television set doesn't look like the iPad doesn't look quite a smart -- it hasn't been updated in twenty years.
We have the people that are going to be updating -- -- the look and feel that TV is commensurate with those other devices people look at and use every day.
And that is certainly the very much -- theme of this year's all things digital conference as well its contents anywhere -- any way you can get it Tom Rogers CEO TO happy to have you.
