Verizon will pay Tivo at least $250.4 million to settle a patent lawsuit related to its DVR technology. The companies agreed to dismiss all pending litigation, and have inked a licensing deal. The news sent shares of the digital video recording pioneer up more than 7% Monday morning.
Google's fast-growing YouTube turned 7 on Monday. The world's most popular video-sharing website has come a long way already, but there are few things that can turn YouTube into a monster moneymaker for the world's most valuable Internet company.
Is the world's largest online retailer getting ready to challenge movie-subscription service Netflix? Amazon.com on Tuesday unveiled a videostreaming service -- available to its Prime members at no additional cost -- that could position it for battle.
Hulu CEO Jason Kilar threatened to leave the video site last fall over a dispute about its subscription pricing, The Wall Street Journal reports.
Global broadband service revenue has grown 10% this year, says ABI Research, which expects sales to more than triple by the end of 2011. The cause? More users are watching television and videos on the Web, boosting the need for faster speeds.