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  (Source: media.tri-cityherald.com/)
TiVo may also have its boxes support Verizon's upcoming video streaming efforts with Redbox

Verizon Communications is paying TiVo Inc. a little over $250 million USD to settle a patent lawsuit, which could potentially lead to other court victories for TiVo.
 
TiVo, the digital video recorder box company, will receive $250.4 million from Verizon in a patent lawsuit regarding TiVo's digital video technology. Verizon will pay $100 million right away in cash, and pay the other $150.4 million via quarterly payments through July 2018. 
 
But that's not all TiVo gets out of the deal. TiVo may also have its boxes support Verizon's upcoming video streaming efforts with Redbox, which will help them compete with Netflix. Also, Verizon will pay licensing fees to TiVo on a monthly basis through July 2018 on a per-DVR customer deal. 
 
Verizon gets something out of the deal, too -- all other pending litigation between the two has been put to rest.
 
TiVo is involved in many patent lawsuits concerning its video recording technology. Some of the other companies it's facing in court is Time Warner Cable and Motorola Mobility. The settlement with Verizon may set an example for Time Warner Cable and Motorola Mobility to settle as well. 
 
TiVo has also won patent litigations against AT&T, EchoStar Corp and DISH Network all in the last year. 

Source: Reuters



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RE: ...
By cubby1223 on 9/26/2012 2:36:43 AM , Rating: 2
Who rated your comment upwards?

Your entire basis for feeling this lawsuit is justified is because you personally liked one of their products?

Does that make my opinion of hating this lawsuit because I like Verizon's service any less important?

That's some wonderful thinking! Lawsuits should be decided by popular opinion polls!

(for the record I do not have cell service through Verizon, really have no opinion at all on Verizon's business)


RE: ...
By bah12 on 9/26/2012 1:13:30 PM , Rating: 2
No my reason for being OK with is it,is that it was truly innovative and thus deserves protection. It was genuinely unique, and I find it sad that the ones breaking ground were so easily ripped off by the generic DVR boxes we have today.


"Let's face it, we're not changing the world. We're building a product that helps people buy more crap - and watch porn." -- Seagate CEO Bill Watkins














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