Verizon ponies up $250M to settle with TiVo

TiVo has reached a settlement with Verizon over its DVR technology

Verizon has agreed to pay DVR specialist TiVo at least $250.4 million to settle all litigation between the companies.
According to a regulatory filing, Verizon will give TiVo an upfront cash payment of $100 million by September 28, followed by 25 recurring quarterly payments totaling $150.4 million. The agreement, which expires July 31, 2018, also includes a cross-license provision for both companies’ advanced television patents.
In addition, Verizon will pay higher monthly license fees for each user of Fios digital video…

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