There is apparently no area too remote for the coolness of TiVo
Come November, Telecom New Zealand
It's important to put this deal in its proper perspective. On one hand, the lush island nation has a population of roughly 4.3 million. That's a small number, even if TiVo's subscriber base is a mere 3.1 million.
However, this will also create incremental growth for a company that can certainly use it. There were 3.6 million TiVo subscribers a year ago.
The push into New Zealand isn't unexpected. TiVo made a splash in Australia a year ago, and New Zealand's largest television broadcaster took an equity stake in the Australian network's subsidiary. The move would be "paving the way for the promotion and distribution of TiVo in New Zealand by the end of 2009," the company noted during last month's quarterly conference call.
This doesn't mean TiVo's stateside growth has been exhausted. Its perpetual legal victories against DISH Network
It remains to be seen whether TiVo's future will be as the physical centerpiece of home theater systems or whether it will just passively collect juicy royalties as others pay to use the company's intellectual properties.
For now, at least, there's one more stamp for its passport.
Will TiVo be more or less relevant five years from now? Share your thoughts in the comment box below.
Longtime Fool contributor Rick Munarriz owns shares in TiVo and a TiVo box. He is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early. The Fool has a disclosure policy.