TiVo CEO Tom Rogers hailed the $500 million patent settlement with [US satellite company] Dish Network as a historic day for the DVR company. The agreement represents the “one of largest technology patent settlements of all time,” the TiVo CEO said.TiVo has a number of other similar actions for patent infringement against other companies (including Microsoft, AT&T and Verizon). Some times the good guys do win it appears.
“In addition to highlighting the significant value of our intellectual property, it creates a recurring stream of high-margin licensing revenue that enhances our financial profile while also removing the overhang inherent in this kind of protracted litigation,” Rogers said during a hastily arranged conference call with investors and the media.On top of the $500 million settlement, Dish has also paid $100 million in licensing fees to TiVo for the Time Warp patent, Rogers noted. Over the next several years, TiVo says it will realize at least $50 million in additional annual revenue tied to licensing fees through 2017, when the patent expires.
May 02, 2011
TiVo wins $500m patent settlement
PaidContent, some interesting news about a big win for the TiVo company in the US: