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And to make things even sweeter for local consumers, both companies have decided to eliminate the monthly subscription fee for TiVo service.
The service has been held up for a while due to program guide licensing issues in Australia.
To make things even more interesting, a personal video recorder isn't much good if you can't access TV listings for all the major networks, although it looks like most of those wrinkles have been worked out, but TiVo still faces competition from Foxtel.
So says the report, in order to stay competitive, TiVo will be offering service free of charge.
In order to make up some of the lost subscription revenue, a TiVo box will cost Australian customers $500 AUD, which is about $482 US. That's cheaper than a US box with product lifetime service, but significantly more expensive than a standard TiVo HD unit with monthly service, according to the article.