Verizon in $250m settlement with TiVo Verizon Communications, the US telecommunications group, has agreed to pay TiVo at least $250.4m to settle all litigation between the companies. TiVo had filed suit against Verizon in 2009, alleging the infringement of three of its patents related to digital recording and replay of television programmes. The patent lawsuit settlement, coupled with a licensing deal between the two companies, sent shares in TiVo up 3.5 per cent to $9.89 in afternoon trading in New York. The agreement with Verizon is the latest in a series of patent settlements for TiVo, which has struggled to make a profit despite pioneering the "time-shifting" technology used in most digital video recorders. TiVo has posted an annual loss in eight of the past 10 years but has begun to refocus its business on technology licensing deals and is exploring ways to generate revenue from the data its set-top boxes collect on TV viewing habits and the impact of advertising. Under the terms of the deal, disclosed in a regulatory filing by Verizon, the group has agreed to pay TiVo an initial cash payment of $100m later this month, followed by 25 recurring quarterly payments totalling $150.4m. The agreement also includes a cross-licence provision for each company's "advanced television patents," under which Verizon will pay higher monthly licence fees if the growth of the company's fibre optic digital video (FiOS DVR) subscriber base tops certain predetermined levels. TiVo reached a similar deal in January with AT&T, the largest US telecommunications group, under which AT&T agreed to pay TiVo at least $215m. Last year it settled a three-year lawsuit with Dish Network, the US satellite TV company, and EchoStar, for $500m. Lawsuits are still pending against Motorola, Time Warner Cable and Cisco.