INTERDIGITAL wins EU injunction against Disney over video patent
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Dividend Yield: 0.9%
Revenue Growth %: -52.1%
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InterDigital, Inc. (NASDAQ: IDCC) has been awarded an injunction against Disney by the Mannheim Local Division of the Unified Patent Court (UPC), covering Disney's infringement of an InterDigital patent related to certain video encoding techniques associated with HEVC technology.
The UPC, a pan-European patent court whose decisions apply across multiple European Union member states, ruled that the injunction spans 11 EU countries. The court also confirmed the validity of the patent in question. Disney retains the right to appeal the decision.
According to a company statement, this marks the first injunction InterDigital has received from the UPC against Disney. Separate courts in Germany and Brazil have previously issued injunctions against Disney for infringement of InterDigital's intellectual property covering high dynamic range (HDR) technology, the dynamic overlaying of multiple video streams, and additional compression technologies related to HEVC and AVC.
Josh Schmidt, Chief Legal Officer at InterDigital, said the company remains "committed to securing a long-term agreement with Disney, which reflects fair value for innovation that Disney uses every day."
InterDigital licenses its technology portfolio to device makers, consumer electronics companies, and streaming service providers, among others.
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