News / Business
TiVo (NYSE: TIVO) To Receive $103 Million in Settlement with Dish Network
TiVo Inc. (NASDAQ: TIVO) won its five-year legal battle against EchoStar Communications Corp. (NASDAQ: DISH) and its DISH Network on Wednesday.
TiVo was granted a $103 million settlement in an
Dish now has to pay TiVo a royalty for its roughly four million DVRs, which could total as much as high as $4 per subscriber per month. The total could net TiVo $192 million annually in royalties, or $1.82 per share.
If Dish Network does not settle, they could revoke their DVR systems and possibly lose their 13 million subscribers.
According to Barron’s, Cablevision (NYSE: CVC) stated that it will develop a networked DVR, where TV programs can be replayed from its own servers, thus eliminating the need for a DVR. Both Cablevision and Time Warner Cable Inc. (NYSE: TWC) begin to focus more into that technology in a bid to avoid a licensing fee.
Cisco Systems, Inc. (NASDAQ: CSCO), which makes set-tops with integrated DVR functions, and Motorola (NYSE: MOT), face royalty claims as well, while Comcast (NASDAQ: CMCSA) the largest U.S. cable operator, already pays TiVo.
As of 3:54 pm, TiVo stock has shot up $3.58 to $10.57, which is a 51% increase. The stock price peaked at $10.83, which is its 52-week high.
Click here for more Business News
About YourFINDit
YourFINDit Community is a business, music and social networking community. YourFINDit provides members with a wealth of applications that enable them to create an in depth profile within YourFINDit. Profiles include an About Me, Background and Lifestyle, Videos, Photo sharing, News, Music, Blogs, unique URL and networking with other members inside the YourFINDit community. YourFINDit provides ADit to each member providing them the opportunity to have an exclusive profile (no outside advertising) displaying only banner ads they upload to their pages. Members can run their own ads or give or sell their ad space to advertisers at prices the member sets.
To create your profile sign up and within minutes you too can have your People profile running your ads and building your network with new members daily.
YourFindit is owned and operated by TransWorldNews, Inc., a news and press release distribution service.
