Dish, Echostar pay $500M settlement to TiVo

ALVISO, CA and ENGLEWOOD, CO – Satellite broadcaster Dish Network and set-top box supplier Echostar have settled their long-running legal dispute with TiVo over video-recording technology.The three companies announced Monday that Dish and Echostar will pay TiVo $500 million over five years, including an initial payment of $300 million, as part of an agreement to dismiss all pending litigation. The settlement gives Dish and EchoStar rights to use certain TiVo patents for video recording.“The results of TiVo’s formidable intellectual property enforcement program speak for themselves, and consequently, we are pleased to put this litigation behind us and move forward”, said...