Dish Network Corp. and EchoStar Corp. will pay TiVo Inc. $500 million to settle a patent lawsuit over digital video recorder technology.
TiVo, based in Alviso, Calif., first sued Dish and EchoStar in 2004 for infringing on patents covering its “Time Warp” digital video recorder technology.
The recorders allow users to digitally record television programs and then play them back, as well as pause, fast-forward and rewind.
Under the settlement, Dish and EchoStar will initially pay TiVo $300 million. The remaining $200 million will be distributed in six annual installments between 2012 and 2017.