Saturday, July 02, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
BMW Group, Intel and Mobileye Team Up to Bring Autonomous Driving to Streets by 2021
Nvidia Says New GeForce GTX 1060 Is Faster Than AMD's Radeon TX 480
Micron To Reduce Workforce Following Slow Third Quarter Results
Apple in Talks to Buy Tidal: Report
U.S. Authorities To Investigate Tesla's Crash in Autopilot Mode
Oracle To Pay HP $3 billion In Itanium Case
ZTE To Invest $180 Million In Tech Start-ups
Alliance Storage Technologies Releases New NETArchive NAS Storage Solution
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Verizon...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, September 24, 2012
Verizon To Pay $250 million in TiVo Settlement


TiVo has settled its pending patent litigation with Verizon Communications Inc. and under the terms of the settlement, Verizon will provide TiVo total compensation worth at least $250.4 million.

The payments from Verizon to TiVo shall be comprised of a $100 million initial cash payment followed by recurring quarterly payments totaling an additional $150.4 million through July 2018. If the companies pursue certain commercial initiatives prior to December 21, 2012, up to $29.4 million of the payments made by Verizon would be subject to a credit of an equal amount. In addition to the guaranteed compensation, Verizon will also pay monthly license fees through July 2018 for each Verizon DVR subscriber in excess of certain pre-determined levels.

In addition to the cash payments described above, Verizon and TiVo are exploring, among other things, future distribution of Internet video services developed through Verizon's joint venture with Redbox by making content distributed via that service part of the selection of linear and broadband-delivered content accessible to users of TiVo's retail DVR products.

As part of the settlement, TiVo and Verizon agreed to dismiss all pending litigation between the companies with prejudice. The parties also entered into a cross license of their respective patent portfolios in the advanced television field.

"We are pleased to reach an agreement with Verizon which underscores the significant value our distribution partners derive from TiVo's technological innovations and our shareholders derive from our investments in protecting TiVo's intellectual property," said Tom Rogers, CEO and President of TiVo. "We also look forward to working together on a variety of future opportunities as we continue to expand the content choices available to TiVo subscribers. As with prior settlements, we also benefit by being able to operate our business under license from Verizon and by avoiding future legal expenses that we would have incurred during and after trial. Furthermore, we believe this settlement positions us well with respect to future enforceability of our patents."


Previous
Next
Adobe Web dev Embraces HTML5 Wed Development        All News        ASUS Introduces New F2A85 Series Motherboards for AMD Trinity APUs
Adobe Web dev Embraces HTML5 Wed Development     General Computing News      Fujitsu Wants To Exit Semiconductor Business

Get RSS feed Easy Print E-Mail this Message

Related News
AT&T, Verizozn To Make Final Bids for Yahoo Web Business - report
Verizon To Bid For Yahoo's Internet Business: report
Hackers Steal, Sell Verizon Enterprise Customer Data
Verizon Wireless to Pay $1.35 Million Fine to Settle "Supercookie" Probe
Verizon Upgrades Its Custom TV Service
Verizon Expores Yahoo Deal Options: report
Verizon Launches The FreeBee Data 360 Sponsored Data Service
Verizon Launches 'go90'Mobile Video Service
New TiVo Bolt DVR Lets You Skip Commercial Breaks
Verizon To Offer TV Streaming With Mobile Plan
Verizon Launches Mobile Video Service
Verizon To Drop Phone Contracts, Discounted Phones

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .