TiVo, Dish Network, EchoStar reach $500 mln settlement (Digital Trends)

Digital Trends - It’s either the end of an era or the beginning of a new one, depending how you look at it: Dish Network and EchoStar have reached a $500 million settlement agreement with TiVo in the companies’ long-running legal battle over DVR patents. Under the deal, TiVo will receive $300 million up-front with the remaining $200 million distributed in annual $33 million installments through 2017. The deal ends all patent litigation between the two companies, and Dish Network will be picking up a license to TiVo’s so-called “time warp” DVR technology patent (along with others). TiVo has also agreed to help promote Dish Networks’ newly-acquired BlockBuster video service.