TiVo Co-Founder Jim Barton Exits

The co-founder of the digital video recording company will continue as a consultant

TiVo co-founder Jim Barton resigned as the company's chief technology officer and senior vice president on Friday. 

No formal announcement was made about Barton's departure and the news came in a regulatory filing.

"Jim is headed off to pursue his next 'big idea,' but will remain an advisor to the company," Jessica Loebig Monney, a spokeswoman for the company, told TheWrap.

Also read: Jennifer Lopez 'Nipple Slip,' Gwyneth Paltrow Skit Top Oscars Most-TiVo'ed Moments List

Barton will be paid $25,000 a month as part of his consulting gig, according to the filing. His duties will include advising the digital video recorder on patent matters, litigation, and technical matters.

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