TMCnet News
Verizon Reaches Patent Dispute Settlements with ActiveVideo Networks TMCnet Contributor Verizon (News - Alert) Communications has reached patent dispute settlements with cloudTV provider ActiveVideo Networks.
ActiveVideo Networks said it resolved the ongoing patent dispute with Verizon, and agreed to a settlement of $260 million.
"After the Federal Circuit's decision affirming the validity of our patents and the jury verdict against Verizon, we are happy to announce that ActiveVideo has settled the dispute with Verizon," Jeff Miller, president and CEO at ActiveVideo Networks, said in a statement. "While the terms of the agreement are confidential, we can confirm that the parties agreed to cross-license their patents, agreed not to sue each other for a period of years, and Verizon agreed to pay the $260 million previously ordered by the district court and an additional unspecified amount of money." "In the end, our technology and its value have been recognized."
ActiveVideo Networks (News - Alert)has developed CloudTV, a virtual set-top box platform that enables the development and streaming of rich Navigation, Advanced Guides and TV Content to any set-top box, CI Plus television or connected CE device.
CloudTV has a wide customer base, and is deployed in approximately 10 million homes. It is a low-bandwidth, low-latency, high-scalability solution that allows unequalled time-to-market speed and cost-effectiveness in the deployment of new television experiences.
The CloudTV is capable of running an open development and publishing environment for content creators, service providers and CE manufacturers to quickly and easily create new television experiences for their viewers.
It is based in the heart of Silicon Valley, with offices in Los Angeles and Hilversum, the Netherlands.
In other company news, TMCnet reported that ActiveVideo Networks has announced the availability of CloudTV H5, customized to meet the overall plans that operators have in their IP migration strategies. Edited by Braden Becker |