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This name is perfect for a health or healthcare company.
The word "pillowtv" contains eight characters and only two syllables. Two-syllable names are very rare and extremely valuable. Leading companies using two syllable names include Twitter, Apple and Gillette.
Pillowtv.com is a dot-com domain. Dot com domains are the most desirable top-level-domain in the world, used by famous websites like youtube.com. When most people think of a website, they think of a dot-com.
One suggestion for how this name could sound when used.