Cyberbiz News

Posted: Sun., Jan. 28, 2001, 11:00pm PT

OpenTV revs hit $8.4 million

Cyberbiz brief

Interactive TV services provider OpenTV said fourth-quarter losses narrowed to $2.5 million from $4.4 million a year ago, while revenues nearly tripled to $22.3 million, from $8.4 million last year. Announcement comes as News Corp.'s BSkyB is readying to release its Sky Digital set-top box, which includes a digital video recorder, with functions similar to TiVo. OpenTV developed software that allows viewers to simultaneously watch one digital satellite program while recording another. OpenTV will also contribute approximately $8 million to the promotion and sales of the product for U.K. consumers. OpenTV software has been shipped with or installed in more than 11 million digital set-top boxes worldwide, including EchoStar's Dish Network in the U.S.

Contact Marc Graser at marc.graser@variety.com

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