Patent Issue : TiVo and verizon patent lawsuits

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It has been decided that Verizon will pay TiVo $250 million to license its digital video recording technology and settle a patent lawsuit with TiVo. The two companies, TiVo and Verizon, agreed to dismiss all pending litigation and also these companies will be combined distribution of streaming video services through Redbox. Also this deal includes a cross-licensing arrangement that all patents which were involved in the pending dispute between Verizon and TiVo. 

The Associated Press said that Verizon will pay TiVo $100 million in cash up front and will then pay the additional $150.4 million in quarterly payments until the summer of 2018. It will also be required to pay licensing fees for “each of its DVR subscribers above a certain level,” the AP said.

The article,Verizon agrees to pay TiVo over $250million to settle patent litigation , says that this is another win for TiVo. TiVo had won earlier to forced AT&T to pay the company $215 million over the next seven years. Also TiVo had earlier secured $500 million from Dish, and recently announced that Microsoft had dropped its lawsuit and ITC complaint against the company. Read More

 

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