InterDigital has filed lawsuits against Disney over alleged IP infringements related to its video streaming technologies.
Quiver AI Summary
InterDigital, Inc. has filed lawsuits against The Walt Disney Company, including its streaming services Disney+, Hulu, and ESPN+, alleging infringement of its intellectual property related to video technology. Chief Legal Officer Josh Schmidt emphasized the importance of licensing agreements through negotiation but stated that InterDigital is determined to seek fair compensation for its innovations, which enhance streaming efficiency and user experience. The litigation has been initiated across multiple jurisdictions, including U.S. Federal District Court in California, Brazilian courts, and various courts in Germany. InterDigital, a leader in wireless and video technology since 1972, develops foundational technologies for numerous applications in communication and entertainment.
Potential Positives
- InterDigital has taken a significant legal step by initiating litigation against a major player in the entertainment industry, The Walt Disney Company, reflecting its commitment to protect its intellectual property and ensure fair compensation for its technologies.
- The litigation highlights InterDigital’s role as a leader in video technology, potentially increasing its visibility and credibility in the technology and entertainment sectors.
- The press release indicates that InterDigital is prepared to defend its innovative contributions, which may strengthen its negotiating position for future licensing agreements.
- The announcement underscores InterDigital’s long history of innovation, reinforcing its reputation and expertise in foundational technologies across multiple sectors, including wireless communication and AI.
Potential Negatives
- The initiation of litigation against a major corporation like The Walt Disney Company may indicate a significant conflict and could impact InterDigital’s reputation and future business relationships.
- The legal proceedings could result in substantial legal costs and resource allocation that might detract from InterDigital’s innovation and development efforts.
- Public perception of InterDigital may be negatively affected, as lawsuits are often viewed unfavorably, potentially impacting partnerships and licensing negotiations with other companies.
FAQ
What is the nature of the legal action by InterDigital?
InterDigital has filed litigation against The Walt Disney Company and its streaming services for intellectual property infringement.
Which courts are involved in InterDigital’s litigation?
The lawsuits are filed in courts in California, Brazil, Germany, and the Unified Patent Court.
What technologies does InterDigital specialize in?
InterDigital focuses on mobile, video, AI technologies, and related innovations for connected experiences.
How does InterDigital view licensing agreements?
InterDigital prefers to negotiate licensing agreements amicably but seeks fair compensation for its technology.
When was InterDigital founded?
InterDigital was founded in 1972 and is a leader in wireless and video technology innovation.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$IDCC Insider Trading Activity
$IDCC insiders have traded $IDCC stock on the open market 15 times in the past 6 months. Of those trades, 0 have been purchases and 15 have been sales.
Here’s a breakdown of recent trading of $IDCC stock by insiders over the last 6 months:
- LAWRENCE LIREN CHEN (President and CEO) has made 0 purchases and 5 sales selling 11,782 shares for an estimated $2,264,904.
- RAJESH PANKAJ (Chief Technology Officer) has made 0 purchases and 5 sales selling 3,500 shares for an estimated $592,032.
- DEREK K ABERLE has made 0 purchases and 3 sales selling 2,774 shares for an estimated $373,221.
- JOHN A KRITZMACHER sold 2,500 shares for an estimated $346,800
- JOSHUA D. SCHMIDT (CLO & Corp Secretary) sold 140 shares for an estimated $25,506
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We have seen 190 institutional investors add shares of $IDCC stock to their portfolio, and 173 decrease their positions in their most recent quarter.
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- PACER ADVISORS, INC. removed 630,870 shares (-99.9%) from their portfolio in Q4 2024, for an estimated $122,212,136
- CONGRESS ASSET MANAGEMENT CO added 323,061 shares (+inf%) to their portfolio in Q4 2024, for an estimated $62,583,376
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Full Release
WILMINGTON, Del., Feb. 03, 2025 (GLOBE NEWSWIRE) — InterDigital, Inc. (Nasdaq: IDCC), a mobile, video and AI technology research and development company, today announced that it has initiated litigation against The Walt Disney Company, including Disney+, Hulu and ESPN+, over their ongoing infringement of InterDigital’s intellectual property.
“Our video technologies enable Disney to efficiently stream content and enhance the user experience,” said Josh Schmidt, Chief Legal Officer, InterDigital. “We always prefer to sign license agreements through amicable negotiation, but we are committed to receiving fair compensation for our groundbreaking research, which allows us to continue to invest in the next generation of technology.”
Cases have been initiated in United States Federal District Court in the Central District of California, in Rio de Janeiro State Court, Brazil, in the Munich Regional Court in Germany, and in the Local Divisions of Mannheim and Düsseldorf in the Unified Patent Court.
InterDigital has been innovating in video and related innovation for decades and is a leader in the development of foundational technologies that have changed how we watch our favorite TV shows, movies and sporting events. For more information on this litigation and on our video research click
here
.
About InterDigital
®
InterDigital is a global research and development company focused primarily on wireless, video, artificial intelligence (“AI”), and related technologies. We design and develop foundational technologies that enable connected, immersive experiences in a broad range of communications and entertainment products and services. We license our innovations worldwide to companies providing such products and services, including makers of wireless communications devices, consumer electronics, IoT devices, cars and other motor vehicles, and providers of cloud-based services such as video streaming. As a leader in wireless technology, our engineers have designed and developed a wide range of innovations that are used in wireless products and networks, from the earliest digital cellular systems to 5G and today’s most advanced Wi-Fi technologies. We are also a leader in video processing and video encoding/decoding technology, with a significant AI research effort that intersects with both wireless and video technologies. Founded in 1972, InterDigital is listed on Nasdaq.
InterDigital is a registered trademark of InterDigital, Inc.
For more information, visit:
www.interdigital.com
.
InterDigital Contact:
Richard Lloyd
Email:
richard.lloyd@interdigital.com
+1 (202) 349-1716
This article was originally published on Quiver News, read the full story.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
