Kodak Stories December 19, 2012

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: expand full story

Kodak Stories October 18, 2012

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: expand full story

The best 4K & 5K displays for Mac

Kodak Stories August 17, 2012

Apple joins Google, Samsung and other adversaries to buy Kodak patents, perhaps signaling intent to curtail litigation

It must be a cold day in Hell. Apple is consorting with Google, Samsung, LG Electronics, and various ventures and firms to bid as a group on Kodak’s intellectual property.

Kodak filed for bankruptcy protection in January, according to The Wall Street Journal, and it is looking to auction its patents to raise money for surviving a Chapter 11 court protection. Kodak could barter all 1,100 digital photography-based patents or end the auction without a deal, as the company announced it would name the winning bidders on Monday but eventually pushed the deadline upon talking with creditors.

The Wall Street Journal explained:

  • Negotiations and the bidding group’s composition are fluid, the people said. If the consortium reaches a deal to buy some or all of Kodak’s patents, they would essentially be kept out of any one company’s hands and could prevent consortium members from using them in litigation against each other. A deal, however, could also attract attention from federal antitrust regulators.
  • A deal for the entire portfolio—one of many options under discussion— could fetch more than $500 million based on recent negotiations, people familiar with the process said. That is well above opening bids when the auction started last week, but far below the $2.2 billion to $2.6 billion Kodak at one point said the patents could be worth.
  • In a statement Thursday, Kodak said discussions with buyers are active and that it isn’t ready to announce a result. The company added that it might decline to sell some or all of the patents, depending on how the auction progresses.

Photography and cameras are obviously a main feature of mobile devices. Competitors in the tech arena have joined forces in the past to snatch up attractive patents, but The Wall Street Journal noted it is “unusual for them all to join the same camp.”

Patent law whiz Michael Carrier, of Rutgers University in Camden, said the companies would not suffer antitrust issues if the tech giants commit to licensing on reasonable rates. Otherwise, an action such as dividing the patents without sharing the rights to use them could likely meet legal trouble down the road.

Get the full report at The Wall Street Journal.

This article is cross-posted on 9to5Google.

Kodak Stories August 2, 2011

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.

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