Media Blog

Dish Network’s Big Loss to TiVo

Multichannel reports:

Dish Network may be forced to disable as many as 8 million of its DVRs within a month, after the satellite TV operator lost an appeals court decision Thursday in its years-long battle with TiVo. Moreover, Dish could even lose the ability to offer a DVR altogether, according to Sanford Bernstein analyst Craig Moffett.

The U.S. Court of Appeals for the Federal Circuit upheld a lower court’s contempt ruling against Dish and EchoStar, under which the companies would pay at least $300 million to TiVo.

Following the announcement of the ruling shortly before 12 noon (ET), TiVo’s stock price soared more than 50% to around $15.82 per share while Dish shares dropped 6%, to around $20.41 per share.

I assume Dish won’t let this happen and will probably have to pay up.

Recommended

The Latest