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Verizon Set To Pay TiVo $250M, Enter Mutual Licensing Deal To End Patent Dispute

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http://techcrunch.com – TiVo announced today that Verizon will pay it a total of $250.4 million in compensation through July 2018 in order to settle an ongoing patent dispute between the two companies. The companies will also be looking at future combined distribution of streaming video services through Redbox, of which Verizon has a key stake, and TiVo’s DVRs. Also part of the deal is a cross-licensing arrangement involving all patents that were involved in the pending dispute between the two. The litigation between the companies involved DVR technology, specifically as it related to Verizon’s FiOS servi (IT news)