TiVo® and Comcast Corporation announced that they have entered into a 15-year patent license agreement. The agreement is effective as of the expiration of Comcast’s prior agreement in 2016, providing broad coverage under TiVo’s patent portfolios into 2031. The agreement also resolves all of the outstanding litigation between the companies. The terms of the agreement are consistent with TiVo’s well-established licensing program for the Pay-TV market. The agreement provides for an initial payment upon execution and ongoing payments through the remainder of the agreement.