Quick Note: TiVo Gets Over $250 Million USD from Verizon in Patent Case
September 24, 2012 7:15 PM
comment(s) - last by
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
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.
This article is over a month old, voting and posting comments is disabled
9/26/2012 2:36:43 AM
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)
9/26/2012 1:13:30 PM
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.
"If you look at the last five years, if you look at what major innovations have occurred in computing technology, every single one of them came from AMD. Not a single innovation came from Intel." -- AMD CEO Hector Ruiz in 2007
Prepare for a Windows Phone Explosion on Verizon
September 6, 2012, 12:18 PM
Amazon Instant Video Takes Siege on Netflix to the iPad
August 1, 2012, 4:12 PM
TiVo, DISH Network, EchoStar Patent Litigation Over
May 2, 2011, 12:28 PM
FTC Targets Google Again for Advertising Practices
May 24, 2013, 1:17 PM
Google Engineer Finds Microsoft Security Flaw, Says Company is Hostile About It
May 23, 2013, 10:51 AM
Survey: 94 Percent of Teens Use Facebook
May 22, 2013, 2:53 PM
Congress Looks to Force Extra Protection on Utilities to Combat Cyberattacks
May 22, 2013, 2:24 PM
U.S. Military Cuts Guantanamo Bay Wi-Fi After Alleged Threat by Anonymous
May 21, 2013, 11:00 AM
Yahoo Acquires Tumblr for $1.1 Billion
May 20, 2013, 11:12 AM
Most Popular Articles
High School Student Creates Storage Device that Can Charge in 20 Seconds
May 20, 2013, 6:51 AM
Apples Tries to Use Decade-Old Patents to Ban Samsung Galaxy S IV
May 22, 2013, 3:00 PM
NASA Awards $125,000 Grant for 3D Printed Food on Long-Term Space Travels
May 21, 2013, 1:32 PM
Microsoft Announces Voice-Controlled "Xbox One"
May 21, 2013, 12:55 AM
Cure For Baldness Could Be on Store Shelves within Two Years
May 22, 2013, 8:29 AM
Latest Blog Posts
Lumosity: Does it Work?
May 22, 2013, 8:20 PM
Quick Note: Sony "Teases" PS4 Ahead of Xbox Reveal in New Video
May 20, 2013, 12:33 PM
Nokia Introduces Instagram-Like App of Its Own to Help Lumia Sales
May 20, 2013, 7:10 AM
Parents of Pre-Teen Drivers Commonly Practice Distracted Driving Says Study
May 9, 2013, 7:16 AM
Apple's iOS 7 Running Into Internal Delays Due to Massive Overhaul
May 1, 2013, 4:26 PM
More Blog Posts
Copyright 2013 DailyTech LLC. -
Terms, Conditions & Privacy Information