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Thursday, September 30, 2004

Netflix and TiVo Officially Announce Deal

Netflix and TiVo Announce a Joint Development Agreement : "LOS GATOS, Calif., Sept. 30 /PRNewswire-FirstCall/ -- Netflix (Nasdaq: NFLX) and TiVo (Nasdaq: TIVO) have signed an agreement to work together to develop a joint entertainment offering. Under the terms of the agreement, the two companies will develop technology and will work with Hollywood studios to secure content for digital distribution.

As a result of the new agreement and in an effort to avoid any potential conflicts of interest that might develop, Mike Ramsay, chief executive officer of TiVo, submitted his resignation from the Netflix Board of Directors, effective September 29, 2004."

3 Comments:

  • At 10/01/2004 11:37 AM, Blogger pylorns said…

    If you havent already, I think now would be a good time to buy stock cause it can only go up...

     
  • At 10/02/2004 11:10 AM, Anonymous Anonymous said…

    That's an irresponsible and naive comment. The nature of the market deliberately works to make such a statement incorrect about any stock.

     
  • At 10/03/2004 10:17 AM, Blogger pylorns said…

    STFU. The playing "the Market" is an educated guess based on a Companies business decision. It's gambling. Don't even try to tell me that its not. You're making a bet that a company will do well.

     

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