Kudelski Group has signed a multi-year patent licence agreement with The Walt Disney Company.
While its specific terms remain confidential, it provides The Walt Disney Company with a licence to the Kudelski Group’s patent portfolio, subject to certain limitations.
Commenting on the deal, Joe Chernesky, senior VP of intellectual property and innovation at the Kudelski Group, said: “The Kudelski Group continues to invest heavily in developing technology and intellectual property that help enable industry leaders like The Walt Disney Company to deliver their popular, world-class video and entertainment platforms to the market through streaming video properties, such as ESPN.com and ABC.com.
“We’re very pleased to enter into this agreement with The Walt Disney Company, a market leader in video distribution. This agreement further underpins the relevance of our patent portfolio in an expanding technology footprint.”