Verizon Settles Patent Spat With ActiveVideo
Will pay $260 million to settle TV vendor's patent litigation
By Todd Spangler, Multichannel News -- Broadcasting & Cable, 9/24/2012 11:55:38 AM
Separately Monday, TiVo announced it had reached an out-of-court settlement with Verizon, under which the telco will pay at least $250 million over the next six years to settle the DVR company's patent lawsuit. TiVo has also won settlements from Dish Network and AT&T.
In the ActiveVideo case, the U.S. Court of Appeals for the Federal Circuit in August upheld a decision ordering Verizon to pay damages of at least $260 million to ActiveVideo, whose largest customer is Cablevision Systems.
"After the Federal Circuit's decision affirming the validity of our patents and the jury verdict against Verizon, we are happy to announce that ActiveVideo has settled the dispute with Verizon," ActiveVideo president and CEO Jeff Miller said in announcing the deal. "In the end our technology and its value have been recognized."
Click here to read the full story at Multichannel News.
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