Dish Network Corp. and EchoStar Corp. will pay TiVo Inc. $500 million to settle a patent lawsuit over digital video recorder technology, the companies said Monday.
Bell Canada use EchoStar equipment so they would be one of the international customers that will now be licensed to use the patents without any further legal threats.Under the settlement, Dish and EchoStar will initially pay TiVo $300 million. The remaining $200 million will be distributed in six annual installments between 2012 and 2017.
Also, TiVo granted Dish Network a license under its Time Warp patent and related patents until they expire. TiVo also granted EchoStar a license to make certain DVR-enabled products solely for Dish Network and two international customers.