No details on the terms yet, but TiVo stock closed +8.3% after the court in Texas where the trial was to begin on June 10 confirmed that the case has been settled. TiVo had alleged that Motorola DVRs used by Time Warner Cable infringed on its patents for common processes including the ability to watch one show while recording another. Susquehanna Financial Group’s Thomas Claps had forecast that TiVo would prevail with a settlement that could go as high as $1B. Brean Capital’s Todd Mitchell said recently that “TiVo is well positioned for this case based on precedent, and we estimate potential damages could be as high at $800 million.” Prior to this case, the DVR pioneer was batting 3-for-3 in similar patent cases, winning settlements with Dish Network, AT&T, and Verizon. TiVo has no comment on the case. It will face off with Time Warner Cable again next year in a similar patent dispute involving Cisco.
TiVo Shares Spike Following Settlement Of Patent Infringement Case With Motorola
What's Hot on Deadline
Bernie Sanders: Obama Administration "Should Kill" The AT&T-Time Warner Deal: "Higher Prices & Fewer Choices"
'The Tonight Show Starring Jimmy Fallon' Showrunner Josh Lieb Departs For Uni TV Overall Deal, Trio Promoted To Run Show
Latest Business News
- Why Does Time Warner Want To Sell To AT&T, And What Will It Mean For Media?
- More Than 100 Picketers Descend On Electronic Arts For SAG-AFTRA Strike
- Video Game Strike: Companies Cry Foul As SAG-AFTRA Picket Line Underway
- AMC Theatres Across The Country Teaming With CNN On Election Night
- Kristin Harris Named VP Acquisitions & Distribution At Good Deed Entertainment
- Netflix Adds $800M In Debt To Fuel Original Content And Global Growth