The parent company of television software company TiVo says a television manufacturer has signed an agreement to incorporate a forthcoming TiVo-developed operating system.
The announcement was made Monday evening by executives at Xperi, TiVo’s parent company, during a conference call with investors after the company released its most-recent quarterly earnings report.
Last month, Xperi purchased Norway-based Vewd in as the company pushes for the development of its own streaming television platform to compete with the likes of Roku and Amazon Fire TV. Curiously, TiVo already manufactures a line of successful, budget-level streaming dongles that are powered by Android TV, which is developed by Google. In the future, TiVo-branded streaming devices are likely to run off the company’s own smart platform in lieu of Android TV.
On Monday, Xperi executives affirmed they are moving forward with the development of the operating system, which has tentatively been named TiVo Stream, and recently signed an agreement with a television manufacturer who will incorporate TiVo Stream into its sets.
The manufacturer wasn’t explicitly named by the company, but an executive said they were a “leading tier 2 provider” that makes sets under multiple brand names. A tier 2 television manufacturer includes companies like Philips and the South Korean On Corporation, both of which manufacture and sell TV sets under multiple brand names.
In an interview with the trade publication Next TV, a Xperi executive said the TiVo Stream operating system was targeted at tier 2 manufacturers in Europe and the United States, with the operating system serving as a licensable alternative to Roku, Amazon Fire and Google TV.