Thursday, March 05, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Google Introduces Insurance Shopping Site
U.S. Trade Office Releases Latest Notorious Markets List
MPEG LA Introduces License for DisplayPort
Toshiba Starts Shipping 20-Megapixel CMOS Image Sensor For Mobile Devices
Larger iPad Production Pushed Back For September:
Intel Outlines 2015 Gaming News at GDC
HBO, Apple To Launch Video Streaming Service: report
Xbox One wireless controller Adapter Coming To Windows PCs
Active Discussions
Newbie
Need serious help!!!!
burning
nvidia 6200 review
Hello
Burning Multimedia in track 0
I'm lazy. Please help.
sanyo e6 camera
 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
Verizon To Sell Wireline Assets
Verizon To Sell Wireless Assets: report
Verizon To Let Users Opt Out Supercookies
Verizon Under Fire Over Smart Cookies
Verizon To Shut Down Redbox Instant Service
Verizon Sprint And T-Mobile Announce new iPhone Plans
New TiVo Mega DVR Comes With 24 TB of Storage Capacity
Verizon May Launch New App Store
Verizon to Throttle "Unlimited" Data Users
Verizon Launches Rewards Program
Verizon Reports U.S. Government Requests
Verizon Wireless to buy Dish Network's Spectrum - report

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .