TiVo Inc. of San Jose, a leading developer of personal video recorders, has licensed its technology to Pioneer Electronics Inc., the U.S. arm of Tokyo-based Pioneer Corp.
Financial terms of the deal, which is expected to be announced today, were not disclosed.
Pioneer, a leading manufacturer of DVD recorders, is expected to begin selling a video recorder with TiVo's television recording technology by the end of the year. It will be competing with recorders from previous TiVo licensees Toshiba Corp., Sony Corp. and General Motors Corp.'s Hughes Electronics unit.
Jon Healey
