Xperi Expects Entertainment Growth, Expansion of Stream 4K
Xperi sees growth opportunities from continued proliferation of entertainment content, changes in entertainment consumption trends and a broader move toward artificial intelligence at the edge, said CEO Jon Kirchner on the company’s Q2 earnings call Monday. It was Xperi's first…
Sign up for a free preview to unlock the rest of this article
Communications Daily is required reading for senior executives at top telecom corporations, law firms, lobbying organizations, associations and government agencies (including the FCC). Join them today!
call since combining with TiVo June 1 (see 2005070052). A major focus is the $50 Stream 4K, which began shipping in May (see 2005060041), and is due to be embedded in TVs in late 2021 or early 2022, Kirchner said. Stream will eventually become a smart TV platform, “connecting content from all sources” and leveraging the companies’ search and discovery and monetization tools, “one of the merger-related revenue synergies we are most excited about,” he said. Over the next few quarters, Xperi expects a “significant ramp” in volume for Stream 4K. Xperi considers the Stream footprint an “opening act in a broader move towards embedded applications and support for TVs directly,” enlarging the footprint for further monetization, Kirchner said. TiVo's pay-TV business, 45%-50% of combined revenue in the product segment, includes TiVo guides, DVR and end-to-end platform, comprising user interfaces and IPTV cloud service. TiVo wants to upgrade service offerings with over-the-top content additions that improve content discovery across content sources, Kirchner said. Churn in the quarter of pay-TV subscribers using TiVo was less than 2% vs. an industry pay-TV average of 4-5%, he said.