TiVo, Verizon settle patent lawsuit with $250m payment
09/24, 11:45am
Verizon agrees to pay TiVo at least $250 million and the two cross-license patents
The legal patent dispute between TiVo and Verizon has been settled, with the latter paying the former about $250.4 million and monthly licensing fees. Verizon will fork over $100 million initially and then pay the remaining amount in quarterly installments until it's paid off by July 2018. The monthly fees will only apply to FiOS DVR users above a certain level.