Verizon to Pay More Than $510 Million to TiVo, ActiveVideo
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Verizon Communications Inc. agreed to pay more than $510 million to end patent-infringement suits filed by TiVo Inc. and ActiveVideo Networks Inc. that targeted features of its FiOS TV service.
Verizon, based in New York, will pay TiVo at least $250.4 million to end a dispute over digital-video-recording services, and agreed to pay CloudTV developer ActiveVideo more than $260 million over the video-on-demand feature.