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TiVo settles lawsuit against Verizon for $250.4M

Associated Press Modified: September 24, 2012 at 6:45 pm •  Published: September 24, 2012
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TiVo says Verizon will pay it at least $250.4 million to settle a patent lawsuit related to its DVR technology, and the two have a licensing deal.

The Alviso, Calif., digital video recording pioneer says the settlement with Verizon Communications Inc. includes an initial cash payment of $100 million and quarterly payments totaling $150.4 million through July 2018.

Verizon will also pay monthly license fees through July 2018 for each Verizon DVR subscriber above a certain level.

The deal settles the lawsuit TiVo filed against Verizon in federal court in Marshall, Texas. It's the latest in a string of patent settlements for TiVo. Last year it settled with satellite TV providers Dish and EchoStar for $500 million, and earlier this year resolved a lawsuit against Dallas-based AT&T for $215 million.