Under the deal, The Walt Disney Company gains a license to the Kudelski Group’s patent portfolio, subject to certain limitations – though specific terms of the agreement remain confidential.
“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,” said Joe Chernesky, senior vice president of intellectual property and innovation at the Kudelski Group.
“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.”
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