TiVo shares rose more than 12% in after-hours trading Tuesday after the International Trade Commission handed down a final ruling finding that Comcast had violated two TiVo patents, formerly held by Rovi, that allow users to program their DVR via a mobile phone app. The ITC decision means that Comcast’s X1 set-top boxes are now banned from being imported. The dispute between TiVo and Comcast started when the two were unable to come to terms and renew a patent licensing deal with set-top box makers Arris and Technicolor, which manufacture the boxes for Comcast in Mexico and Asia. This will likely also affect Cox Communications, as they source their Contour 2 DVR boxes from Comcast.
Source: Bloomberg News