Verizon to pay Tivo more than $250 Million

[Scott Greczkowski]

Verizon to pay $100 mln initially, then recurring quarterly payments

* Agreement follows AT&T, Dish settlements

* Settlement bodes well for litigation with Motorola, Time Warner Cable-analyst

* TiVo shares rise 4.2 percent; Verizon dips 0.3 percent

By Sinead Carew and Liana B. Baker

Sept 24 (Reuters) - TiVo Inc will receive at least $250.4 million from Verizon Communications Inc as part of a patent litigation settlement, the video recorder pioneer said on Monday, sending its shares up more than 4 percent.

TiVo, whose brand is synonymous with digital video recorders, has had to turn to litigation to generate revenue from licensing fees as it struggles to fight competition from low-cost rivals.

Analysts said the Verizon settlement could bode well for a TiVo victory in cases against other companies, including Time Warner Cable Inc and Motorola Mobility, which is now owned by Google Inc.

The settlement, a big victory for TiVo, follows a similar deal it reached in January with AT&T Inc, which agreed to pay $215 million.

TiVo had also prevailed in a similar case against Dish Network Corp and EchoStar Corp in May 2011.

Read the Rest at http://in.reuters.com/article/2012/09/24/tivoinc-verizon-idINL4E8KO67320120924

 

[TheKrell]

Huh. Any reason this is in the Streaming Video/IPTV Forum?

 

[yaz96]

TiVo is BACK!!!

at least until THIS money runs out..........


and then on to the next settlement/judgement.....

 

[Hall]

Generally speaking, TiVo will continue to "win" each of these lawsuits. Once they got the first case in the bag, they have precedent. I did read somewhere that they won against Microsoft but no money was awarded (????).

 

[mike123abc]

Generally speaking, TiVo will continue to "win" each of these lawsuits. Once they got the first case in the bag, they have precedent. I did read somewhere that they won against Microsoft but no money was awarded (????).

They got a cross licensing deal. MS has always been a cooperative partner with patent cross licensing.

 

[riffjim4069]

TiVo is BACK!!!

at least until THIS money runs out..........


and then on to the next settlement/judgement.....

...until many of their prized patents start expiring in 2018.

 

[KAB]

Huh. Any reason this is in the Streaming Video/IPTV Forum?

Really!!