TiVo 8-K 2011
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) August 29, 2011
(Exact name of registrant as specified in its charter)
Registrant's telephone number, including area code (408) 519-9100
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
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ITEM 1.01. Entry into a Material Definitive Agreement.
On August 29, 2011, TiVo amended its Master Marketing and Development Agreement (the “Marketing Agreement”), with Best Buy Stores, L.P. effective June 1, 2011. Pursuant to this First Amendment to the Marketing Agreement (the “Amendment”), Best Buy and TiVo will continue their strategic marketing relationship, but TiVo is no longer required to share revenue with Best Buy and Best Buy is no longer held to a minimum annual marketing commitment. The Amendment additionally includes a one-time payment from Best Buy to TiVo to resolve a prior revenue share overpayment by TiVo to Best Buy. Other provisions of TiVo's on-going Marketing Agreement with Best Buy, including the initial term of five (5) years, remain unchanged.
The foregoing description of the Amendment is qualified in its entirety by reference to the provisions of the Amendment that will be filed as an exhibit with the Company's Form 10-Q for the fiscal quarter ended October 31, 2011.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.