Kudelski, Disney Strike Patent License Deal

The Kudelski Group said it has inked a multi-year patent license agreement with The Walt Disney Company that covers Kudelski’s patent portfolio, “subject to certain limitations.”

They did not disclose the financial terms of the agreement.

"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, Kudelski’s SVP of intellectual property and innovation, in a statement. “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.”

Switzerland-based Kudelski Group said it holds more than 4,500 issued and pending patents worldwide.

Of recent note, Kudelski and Netflix announced in January that they had settled a patent-related dispute.