Verizon/TiVo Lawsuit Results in a $250 Million Payout for TiVo

Posted Wed Sep 26, 2012 at 09:00 AM PDT by Dick Ward

With that settled, TiVo says Redbox streaming may be supported in TiVo units when it launches.

The ongoing lawsuit between TiVo and Verizon has finally been settled. Because Verizon used TiVo's technology in its DVRs, the company now has to shell out $250 million - $100 million up front and $150 million divided into installments.

With that settled, TiVo says that the company is looking to future distribution services such as the one being created by Verizon and Redbox. A big part of making a streaming service succeed is making it available to everyone who wants it, and getting Redbox Instant onto TiVos would be a huge boon.

Source: Home Media Magazine

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Tags: Verizon, TiVo, Redbox, Redbox Instant (all tags)