Digest: TiVo rises; H.K. Disney falls
EmptyPartnerships power TiVo
Shares of TiVo rose 3.9% on Wednesday to a 52-week high of $8.17. The company has announced several partnerships lately, including Wednesday when it said Music Choice audio and video would be available to TiVo users. Music Choice is a partnership between Microsoft, Motorola, Sony, EMI Music, Comcast and others. TiVo also said this week that it struck deals with News Corp.'s Photobucket and Google's Picasa so that TiVo users can more easily view their digital photos on television screens.
H.K. Disneyland unsatisfactory
Hong Kong Disneyland's first two years of operation were unsatisfactory and the government -- which holds a majority stake in the $3.5 billion theme park -- will push for improvements, an official said Wednesday. The theme park, which opened Sept. 12, 2005, missed its attendance target for the second year in a row, Secretary for Commerce and Economic Development Frederick Ma said. In its first year, Hong Kong Disneyland fell 400,000 short of its target 5.6 million audience. Park officials have been secretive about second-year numbers, but local media reports estimated up to 4.8 million visited the park in its second year.