Apple, Google, Samsung and more team up in $525M purchase of Kodak patents

kodakToday, 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.

Bloomberg is reporting, as relayed by Business Insider, that the 12 companies are made up of Apple, Google, Samsung, Microsoft, Facebook, and just about every major player in the tech business:
Read more

StubHub adds Passbook support, VLC, ReaddleDocs, more

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.

ReaddleDocs version 3.2.5:

- 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: Read more

Kodak considering sale of patent involved in Apple lawsuit

In January of 2010, Kodak sued  Apple and RIM for infringing on their patent to preview photographs. The lawsuit is still going on, but today Wall Street Journal is reporting that Kodak is currently looking to sell 10% of their patent portfolio, which includes the patent Apple and RIM are bring sued for.

The 1,100 patents include patents covering  capturing, storing, organizing and sharing digital image. WSJ credits the sale to Kodak’s loss in profit over the last two quarters.

Chief Executive Antonio Perez has been using Kodak’s intellectual property as a means of funding the company’s long and expensive transformation. In 2008, Mr. Perez put forth a goal to generate between $250 million and $350 million a year from Kodak’s patent portfolio.

Google is fresh off acquiring 1,000 patents from IBM and is likely still in a buying mood as it battles everyone from Oracle to Microsoft to Apple-by-proxy in the courts.  Apple, who outbid Google for the Nortel patent portfolio at $4.5B  is obviously on the offensive.

Kodak’s decision to sell its patents follows a $4.5 billion patent sale by Nortel Networks Corp. Kodak has retained Lazard as an adviser for the sale. Lazard also advised Nortel on its sale.

Read more