TiVo owner Xperi and Comcast have come to a truce over their outstanding patent litigation by entering into a new 15-year licence agreement.
The deal is backdated to the end of the prior deal between TiVo and Comcast in 2016, therefore running through to 2031.
Since completing their merger in June, Xperi took over the ongoing legal dealings between the set-top-box maker and Comcast. In July, the International Trade Commission recommended the issuance of cease-and-desist orders against Comcast over allegations that the operator was using TiVo’s patented technology in its X1 video platform.
That was the latest chapter in a four-year dispute which appears to have been the final one, with the companies now making amends.
The deal’s terms are in-line with TiVo’s licencing program for the pay TV market, and the agreement provides for an initial payment upon execution and ongoing payments through the remainder of the agreement.
Samir Armaly, president, IP licensing of Xperi, said: “We are very pleased to conclude this agreement with Comcast, one of the world’s leading media and technology companies that is widely recognized for its innovative products and solutions.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.”
Peter Kiriacoulacos, EVP and chief procurement officer of Comcast, said: “This deal provides us with a reasonable licensing solution for the company’s comprehensive patent portfolio while putting the litigation behind us. 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.”
DTVE: the week in view – Canal+ right to be aggrieved over Ligue 1 rights, but Amazon’s cut-price deal is indicativ… twitter.com/i/web/status/1…
19 June 2021 @ 12:34:00 UTC