TiVo will receive at least $250.4 million from Verizon as part of a patent litigation settlement, the video recorder pioneer said on Monday, sending its shares up more than 4 percent. TiVo, whose brand is synonymous with digital video recorders, has had to turn to litigation to generate revenue from licensing fees as it struggles to fight competition from low-cost rivals. Analysts said the Verizon settlement could bode well for a TiVo victory in cases against other companies, including Time Warner Cable and Motorola Mobility, which is now owned by Google. Read the full story at Reuters.
About Shelly Palmer
Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications and CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with AI strategy, implementation and governance, as well as technology, media and marketing. Named one of LinkedIn’s Top Voices in Technology, he is a bestselling author, covers tech and business for Fox 5’s Good Day New York, is a regular commentator on CNN, and writes the popular daily business blog Think About This. Follow @shellypalmer or visit shellypalmer.com.