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TiVo To Receive $215 Million From AT&T

9:51 am January 4, 2012 By Julian Horsey


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After a long fight over copyrights relating to the DVR, it has been announced today that AT&T has agreed to now settle the dispute and pay TiVo $215 million. To settle litigation and acquire rights to use TiVo’s intellectual property.

The payout will be spilt, with $51 million being paid upfront plus $164 million over the coming years, via quarterly payments through June 2018.

TiVo

The settlement is the second large victory in recent months for TiVo, which expects fees from AT&T to “significantly exceed” the guaranteed minimum payment. TiVo CEO Tom Rogers said in an interview :

“No matter which projections you take, they all involve AT&T paying us significantly higher revenue than $215 million,”

Source: Tech Radar

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Filed Under: Technology News

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