Tivus, Inc. announced today they are in advanced discussions with Marriott International to deploy Tivus’ Internet Protocol Television system (HD IPTV) in their hotels. You might remember the news of last week (Analyst Report saying LodgeNet customer dropping porn, Marriott confirming they are dropping adult content, and the effect on LodgeNet’s stock). For more information, read the press release from Tivus below the fold.
Tivus Announces Internet-Based Video-On-Demand System Without Adult Content
Company Developed Family-Friendly In-Room Entertainment Technology
OMAHA, NE, Jan 24, 2011 — Tivus, Inc. (PINKSHEETS: TIVU), a provider of turnkey high-definition Internet-protocol television (HD IPTV) in-room entertainment technology to the hotel and hospitality industry, today announced the development of an advanced, Internet-based in-room video-on-demand (VOD) system which enables hotel customers to select and control the available content and provide family-friendly guest entertainment.
“We are currently in advanced discussions with Marriott International to deploy Tivus’ HD Internet-based in-room video-on-demand (VOD) systems,” commented Shiva Prakash, Tivus’ president and chief executive officer. “In light of Marriott’s recent decision to discontinue access to adult movies in its hotels, it is important to note Tivus’ HD Internet-based video-on-demand (VOD) system empowers our hotel customers to perfectly tailor the entertainment content to best suit the Hotel Brand experience and their guests’ tastes and needs.”
Tivus’ unique business model generates income through advertising revenue and shares it with the hotel creating a significant new revenue stream. Considering the near 40% decline in hotel pay-per-view revenues over the past decade, Tivus leads the way in ad-based, revenue-sharing HD IPTV hotel entertainment.
Through its property branded and guest-friendly menus, Tivus’ users can access free-to-guest programming, review their room folio, order hotel amenities, stream the latest Hollywood movies, enjoy video gaming, and explore local attractions. Tivus delivers a completely customized entertainment experience.
Prakash continued, “Since many of today’s guests frequently travel with personal business and entertainment electronics, Tivus’ HD IPTV system allows easy connection to all of them in one convenient and guest accessible interface.”
“Early 2011 has already seen considerable progress. As we currently plan with Marriott to deploy our family-friendly in-room entertainment technology, installation of our Doubletree property in Omaha is on track for completion in the coming months and Tivus’ sales and installation teams are performing well as they bring Tivus’ revenue sharing HD IPTV to the world’s hotels,” Prakash concluded.
About Tivus, Inc. – Tivus, Inc. is a technology entertainment services company providing internet-based TV and Cable programming, interactive game content, and goods & services to the hotel/hospitality industry. Tivus’ unique HD IPTV system is a complete hotel entertainment platform that, for the first time in the industry, generates previously untapped income for the hotel through ad revenue-sharing. For more information, please visit www.tivus.com and www.tivusconnect.com.
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