Less than two months ago, Fool contributor Anders Bylund vowed to sell his TiVo (NASDAQ: TIVO) shares immediately if the digital video veteran scored a huge win or settlement in its final patent lawsuit.

That never happened. Cisco Systems (NASDAQ: CSCO) and Google (NASDAQ: GOOG) settled, all right, but for a much smaller sum than some analysts had expected. TiVo shares plunged on the news, but Anders saw a new era dawning.

With the lawsuit distractions out of the picture, and paving the way to stronger licensing negotiations to boot, TiVo is now free to focus on a radical business transformation. Out with the old and in with the new high-margin and high-growth licensing model, where the addressable market basically covers the planet. In the following video, Anders walks you through TiVo's biggest challenge and opportunity, and outlines the biggest reason to buy shares today.

The television landscape is changing quickly, with new entrants such as Netflix and Amazon.com disrupting traditional networks. TiVo hopes to play a central role in the emerging new paradigm, as the steward that brings all the new content sources together for easy consumption. The Motley Fool's new free report "Who Will Own the Future of Television?" details the risks and opportunities in TV. Click here to read the full report!

Fool contributor Anders Bylund owns shares of TiVo, Netflix. and Google, but he holds no other position in any company mentioned. Check out Anders' bio and holdings or follow him on Twitter and Google+.

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