Verizon Pays $510M To Settle TiVo, ActiveVideo Patent Suits
Law360, New York (September 24, 2012, 2:39 PM EDT) -- Verizon Communications Inc. has agreed to pay $510 million to settle separate patent infringement lawsuits filed by TiVo Inc. and ActiveVideo Networks Inc. over digital video recording and on-demand technology used in the company's FiOS television service, according to company statements Monday.
The telecommunications giant will pay $250 million in licensing fees to resolve TiVo's long-running allegations that Verizon's FiOS television services ripped off the three of the DVR pioneer's patents for digital recording, and the company will hand over $260 million more to ActiveVideo, which had claimed the FiOS service infringed four patents for on-demand video services. Late last month,...
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