TiVo has been a pioneer in the technology which enables users to record TV shows. On that front, it has a number of important DVR patents to its name. Back in 2009, the company sued both AT&T and Verizon over alleged infringement of three of its DVR patents. AT&T eventually agreed to pay TiVo a whopping $215 million as part of the settlement. And now Verizon has agreed to cough up $250.4 million to finally end its legal battle with TiVo.
As part of the settlement, Verizon is required to pay $100 million before this month expires. The rest of the sum is to be paid in 25 quarterly payments by the end of 2018.
Ubergizmo , TiVo gets $250.4 million in settlement with Verizon, TiVo gets $250.4 million in settlement with Verizon
