Struggling Kodak has finally agreed to sell its digital imaging patents to Intellectual Ventures and RPX Corporation — two consortiums backed by Apple, Google, Microsoft, and others — for $525 million. Kodak will receive a portion of the money from 12 intellectual property licensees, with each licensee receiving rights to the patents, while another portion will be paid by Intellectual Ventures, which will then acquire the digital imaging patent portfolio, plus the new and existing licenses.
All items tagged with "digital imaging"
Eastman Kodak has announced its plans to sue Apple and HTC for violating several of its patents relating to digital imaging. The once-profitable camera company claims that Apple’s iOS devices and HTC’s smartphones infringe on Kodak patents for transmitting images digitally and between devices.