Quick Note: TiVo Gets Over $250 Million USD from Verizon in Patent Case
September 24, 2012 7:15 PM
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 is from the DailyTech.com. It's a science website." -- Rush Limbaugh
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
Google plans ultra-fast wireless Internet for Research Triangle Park, N.C.
August 12, 2016, 6:30 AM
Twitter Senior VP: "Diversity is Important, But We Can’t Lower the Bar"
November 9, 2015, 9:59 AM
CNN Resorts to Internet Censorship to Promote Clinton Over Senator Sanders
October 15, 2015, 2:47 PM
Breaking Bad: How to Crash Google's Chrome Browser With Just 8 Characters
September 23, 2015, 11:08 AM
Quick Note: Amazon UK Offers £10 Back on Any Order £50 or Over
August 3, 2015, 12:05 PM
Editorial: Reddit Allows Itself to be Hijacked as a Hate Platform For Racist Bigots
July 21, 2015, 6:32 PM
Most Popular Articles
Apple iOS Contains Secret One-handed Keyboard Code
October 22, 2016, 5:00 AM
The Unlocked Moto Z Play Launches for $449.99 Today.
October 22, 2016, 5:00 AM
The New HP Spectre: Revamped and Ready
October 23, 2016, 6:00 AM
New Way to Read Data on Ulta Hard Drives
October 23, 2016, 9:38 AM
Car Insurance - The Hidden Discriminatory Practise
October 18, 2016, 5:00 AM
Latest Blog Posts
From Time to Time, The Unbelievable and Unimaginable Happens!!!!
Oct 28, 2016, 4:56 AM
Key EpiPen Competitor Out in 2017 At ' Very Low' Cost
Oct 27, 2016, 5:30 AM
Researchers use CRISPR to Accelerate Search for HIV Cure
Oct 26, 2016, 5:00 AM
Medical Council of India Makes Generic Medicines Mandatory
Oct 25, 2016, 5:00 AM
MacBoo Pro 2016: Release date Oct. 27
Oct 24, 2016, 7:16 AM
Mac Users, Try this if Your Mac is Infected?
Oct 23, 2016, 7:00 AM
Tips to Prevent Smartphones From Overheating:
Oct 22, 2016, 5:00 AM
Nasa Flies Drones at Nevada Airport
Oct 21, 2016, 8:21 AM
T-Mobile Data Problems
Oct 20, 2016, 10:17 AM
Annoying Apple Watch Problems and How to Fix Them
Oct 20, 2016, 5:00 AM
Your Mail May Soon Be Delivered By Robot
Oct 19, 2016, 9:34 AM
2018 Jeep Wrangler Prototype Sells At Junkyard
Oct 18, 2016, 5:00 AM
Samsung Shines with Gold Edition Tablet
Oct 17, 2016, 9:24 AM
Tesla Hints Mysterious Product Debut for October 17th
Oct 16, 2016, 10:14 AM
Samsung Galaxy Note 7 Phones on US flights
Oct 15, 2016, 5:00 AM
Comcast Fined $2.3 Million For Unconfirmed Services Charged To Customers
Oct 14, 2016, 5:00 AM
“American singer / songwriter “Bob Dylan is awarded 2016 Nobel Prize in Literature.
Oct 13, 2016, 10:33 AM
More Blog Posts
Copyright 2016 DailyTech LLC. -
Terms, Conditions & Privacy Information