DISH And EchoStar Settle Patent Litigation With TiVo, Agree To Pay $500 Million

DISH Network and EchoStar this morning announced that they've agreed to pay TiVo $500 million to settle all of their ongoing patent litigation with the digital video recorder company. Under the terms of the settlement agreement, DISH and EchoStar will initially cough up $300 million, with the remaining $200 million distributed in six equal annual payments between 2012 and 2017.

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