Home Theater Systems - Designs, Products, Tips and Info Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Home Theater Systems - Designs, Products, Tips and Info

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

Recommended by:

Zen Dollar Round

From: Don Green	11/10/2020 11:13:15 AM
	1 Recommendation Read Replies (1) of 418

Comcast, TiVo call truce By Chris Forrester November 10, 2020 *dg>>> Great News for Tivo users.* Comcast and TiVo have ended years of expensive and negative patent litigation against each other. The disputes have stretched back in one form of another for some 15 years and concerned the use of TiVo’s digital technology within its set-top boxes. The agreement to bury the hatchet sees the pair reach a licensing deal which is good until 2031 and includes “broad coverage” of all of TiVo’s technology while at the same time resolving all outstanding litigation between the two. Over the years TiVo has won some of its arguments, and Comcast has won a few battles. TiVo says its H2/2020 revenues will jump by about $255 million which also reflects past payments for its technology. TiVo’s owner Xperi says: “The terms of the agreement are consistent with TiVo’s well-established licensing program for the Pay-TV market. The agreement provides for an initial payment upon execution and ongoing payments through the remainder of the agreement. We are very pleased to conclude this agreement with Comcast, one of the world’s leading media and technology companies that is widely recognised for its innovative products and solutions,” said Samir Armaly, president, IP licensing of Xperi. “The agreement illustrates our ability to execute key renewals with our largest customers as the video market continues to experience significant technological and business evolution.” “This deal provides us with a reasonable licensing solution for the company’s comprehensive patent portfolio while putting the litigation behind us,” added Peter Kiriacoulacos, EVP and chief procurement officer of Comcast. “We’re looking forward to a mutually successful relationship in the years to come as we continue to bring our customers the best entertainment experiences.” Xperi’s share price rocketed 26 per cent to $17.65 a share in after-hours trading on November 9th.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next