Today, Kodak announced the $525 million sale of its patents to two firms, Intellectual Ventures and RPX Corporation. It is interesting that the two companies will work with 12 intellectual property licensee to pay a portion of the over $500 million price tag. The 12 licensees, who aren’t listed by name in Kodak’s press release, would all receive varying access to the digital imaging patent portfolio and other Kodak patents included in the sale. In turns out that Apple, Google, and many other large tech companies, will provide cash toward the purchase as licensees.
Under the agreements, Kodak will receive approximately $525 million, a portion of which will be paid by 12 intellectual property licensees organized by Intellectual Ventures and RPX Corporation, with each licensee receiving rights with respect to the digital imaging patent portfolio and certain other Kodak patents. Another portion will be paid by Intellectual Ventures, which is acquiring the digital imaging patent portfolio subject to these new licenses, as well as previously existing licenses.
Google, Apple and RIM are among the 12 patent licensees participating in the deal, according to a court filing. Under the terms, Intellectual Ventures will make a portion of the payment, with the rest coming from the licensees…Facebook Inc., Amazon.com Inc. and Microsoft Corp. (MSFT) also are part of the group, the court filing shows, along with Samsung Electronics Co., Adobe Systems Inc., Fujifilm Holdings Corp., Huawei Technologies Co., HTC Corp. and Shutterfly Inc. The auctioned patents were previously estimated to be worth as much as $2.6 billion.
There is no word on how much each company paid, or if it was a cool $43 million each, and it is unclear what exactly each company will have rights to as part of the deal.
StubHub Tickets: There are a few notable apps already hitting the App Store today. StubHub, which recently announced Passbook support for University of Texas and Purdue University, is today announcing Passbook integration for University of North Carolina Tar Heels events starting with the first home football game on October 27. StubHub has rolled out support for Apple’s new Passbook app for four schools total, but plans to roll out support for its 60+ partners in the near future, which include franchises in the NFL, MLB, NBA, NHL and NCAA. Tar Heels fans will now have the “Add to Passbook” option available when purchasing tickets through StubHub’s iOS app.
- iPhone 5 compatibility
KODAK Professional Film App: Kodak released a new app today that allows users to learn about types of Kodak films, file formats, and where to buy and process film.
For example, are you in the UK and looking for KODAK PORTRA Professional 160 film? Or in Australia looking for a lab to develop your EKTAR 100 images? Simply download the app, select your country and find trusted partners to supply and develop your film.
VLC 2.0.4: Popular open source VLC media player is getting a big update today that includes support for new codecs and a ton of improvements and fixes:
- optimized for iPhone 5
- bug fixes