Tivo Settlement Dish Network Echostar To Pay Tivo 500 Million
In a landmark patent infringement case, Dish Network and EchoStar have agreed to pay TiVo a $500 million settlement in a suit about TiVo’s “time warp” technology. The TiVo settlement comes after an April 20th ruling by a federal court that Dish and EchoStar were in contempt of a court-ordered injunction. The TiVo settlement grants Dish Network and EchoStar a license to utilize the technology in their DVR boxes. The companies will be required to pay $300 million to TiVo now, with the other $200 million divided into six payments of $33 million to be paid through 2017, according to The Los Angeles Times....