TiVo Inc (NASDAQ:TIVO) – is the way the DVR will go

Posted by Chris Bell June 10, 2013 0 Comment 743 views

On 7 June 2013 it was announced that TiVo Inc (NASDAQ:TIVO), the Television recording technology company, will get $490 million towards a settlement of a patent litigation that it had with Cisco, Google and Arris Group. The latter is the owner of a former Motorola subsidiary. As part of the settlement agreement, TIVO will be granting limited licenses to Google, Cisco and Arris.

The company said that if it wins the patent- infringement lawsuit that it has filed against Google’s Motorola Mobility unit, it would receive damages that would run into billions of dollars. The case has been filed over its digital-video recording technology. The company said that the huge number of infringing DVR’s that Motorola has produced literally dwarfs all the previous cases that TIVO has filed.

What are DVR’s?

When VCR’s first hit the market, there was large-scale panic in the television industry.  The new launch had the functionality to record programs and people would be able to watch them at leisure instead of at the times when the programmers wished to air them.  And what was worse was that they could simply fast-forward the commercials. Inspite the onslaught of the VCRs, the television industry managed to stay afloat and the VCR is almost in its grave now.

And this is when the new improved and seemingly more dreaded innovation traipsed along and ensconced itself firmly in the video recording space. Now television program recoding is even easier than it was before. Today, the DVR is king! TIVO is definitely one of the dominants on the scene but there are numerous manufacturers who have launched different DVR’s. Motorola, Scientific Atlanta and RCA are just a few.  Companies like ReplayTV target PC users and offer software packages that actually turn a computer into a DVR.

How does a DVR work?

A DVR operates in much the same manner that a VCR does. The one difference is that instead of using video tapes for recording, it uses a hard disk. This means that no cueing is required and the recording time that is available, is much more. For this, a high speed Internet connection or a dedicated phone line is required. The simplicity and the functionality that a DVR offers is something that has gained the device its popularity.

About Chris Bell

Chris Bell is an investing reporter for GDP Insider. Chris covers financial markets and Wall Street, concentrating on developments affecting individual investors and their portfolios. Chris is also over consumer reporter and covers a wide variety of issues ranging from housing to immigration to urban poverty. Chris graduated from the University of Scranton with a degree in Communication and Philosophy. Chris's diligent investigations earned him the honor of being named "Best Reporter" once by the Headliners Foundation of Texas and once by the Houston Press Club.

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