Printed from http://www.electronista.com

TiVo gets $215m settlement from AT&T over patents

updated 07:30 pm EST, Tue January 3, 2012

Settlement payout continues through 2018

TiVo has announced that it has settled a patent dispute with AT&T, as both companies have entered into a licensing agreement. AT&T is said to have agreed to pay TiVo a total of $215 million, split between an initial payment of $51 million and recurring quarterly payments through 2018 totaling $164 million.

The announcement appears to mark the end of a dispute that has lingered for several years, after TiVo filed a lawsuit accusing AT&T of illegally using patented DVR technology without obtaining a licensing agreement.

"We are extremely pleased to reach an agreement with AT&T, which acknowledges the value of our intellectual property," said TiVo chief executive Tom Rogers. "The combination of guaranteed payments and future additional fees paid to TiVo in the event that AT&T's pay TV business continues to grow in-line with consensus analyst expectations, represents hard-earned compensation for our IP enforcement efforts."

A separate but similar lawsuit filed against Dish Network and EchoStar resulted in a settlement worth approximately $500 million and paid out through 2017. TiVo has yet to fully detail the balance of income between patent litigation and sales of TiVo-branded equipment.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Adesso Compagno X Bluetooth keyboard

The shift from typing on physical keyboards to digital versions on smartphones and tablets hasn't been an easy for many consumers. Fro ...

Polk Audio 4 Shot headset

Sound quality and design are two of the biggest areas of focus for manufacturers when coming up with a new gaming headset. Depending o ...

Patriot Supersonic Phoenix USB 3.0 drive

USB thumb drives aren't the end all solutions for data transfer and traveling needs. Sometimes people want something with a little mor ...

Sponsor

toggle

Most Commented

 
toggle

Popular News