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Tivus Enters Phase II Development at Host Hotels & Resorts
Property
Marketwire
May 18, 2011
OMAHA, NE - Tivus, Inc. today announced it has begun Phase II
development of its new high-definition (HD) Internet-protocol
television (IPTV) in-room entertainment system upon successfully
testing its core ad-insertion technology, last week. |
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Tivus' agreement with Host Hotels to deploy
its new HD IPTV systems in Host properties was previously announced
in March of this year. Host Hotels & Resorts, Inc., an S&P 500 and
Fortune 500 company, is the largest lodging real estate investment
trust (REIT) and one of the largest owners of luxury and
upper-upscale hotels.
"We successfully completed testing of our ad-insertion technology in
our lab -- the core of our proprietary revenue sharing model.
Another Tivus first, ad-supported IPTV allows hotels to migrate away
from legacy video-on-demand systems," commented Shiva Prakash, Tivus'
president and chief executive officer. "With nearly 900 rooms now
live, Tivus' inaugural installation has continued to satisfy hotel
guests by creating a home-like experience; frankly, the response has
exceeded our expectations.
"Tivus
ad-supported, revenue-sharing business model capitalizes on new,
fully interactive IPTV technology offering a completely interact
experience for the guest, such as ordering room or spa services,
while turning the hotel's entertainment system into a significant
revenue center."
Host currently owns 104 properties in the United States and nine
international properties totaling approximately 62,000 rooms. Host
partners with premium brands such as Marriott®, Ritz-Carlton®,
Westin®, Sheraton®, W®, St. Regis®, The Luxury Collection®, Hyatt®,
Fairmont®, Four Seasons®, Hilton®, Accor®, Swissotel® and Le
Meridien® in the operation of properties in over 50 major markets
worldwide.
"News of Tivus' revenue sharing business model has traveled fast, as
I have spent the last two weeks visiting certain hotel chains and
properties that requested demonstrations. We are committed to our
goal of providing hotel entertainment as a profit center to the
world's hospitality and gaming industries," 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, or check us out on
www.facebook.com/tivusconnect or www.twitter.com/tivusinc. |
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