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 Send to email | Intel to buy 190 patents and video codec software from RealNetworks for $120 million in BusinessAcquireaudio codecintelpatent pendingpatentsPurchaseRealNetworkss Real |  By Todd Haselton
el 26-Jan-2012 |
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Intel and RealNetworks announced on Thursday that Intel will purchase video codec software, 190 patents and 170 patent applications from RealNetworks for a total of $120 million. “We believe this agreement enhances our ability to continue to offer richer experiences and innovative solutions to end users across a wide spectrum of devices, including through Ultrabook devices, smartphones and digital media,” said Renee James, Intel senior vice president and general manager of the Software and Services Group. The two companies also agreed to work together on future advancements in video codec software. “RealNetworks does not anticipate that the sale of the approximately 190 patents and 170 patent applications and next generation video codec software will have any material impact on its businesses,” the company said in a statement. RealNetworks’s full press release follows after the break.
Intel to Buy Patents and Next Generation Video Codec Software From RealNetworks
SEATTLE, Jan. 26, 2012 /PRNewswire/ — RealNetworks, Inc. (Nasdaq: RNWK) today announced that it has signed an agreement to sell a significant number of its patents and its next generation video codec software to Intel Corporation for a purchase price of $120 million. Under terms of the sale, RealNetworks retains certain rights to continue to use the patents in current and future products.
“Selling these patents to Intel unlocks some of the substantial and unrealized value of RealNetworks assets,” said Thomas Nielsen, RealNetworks President and CEO. “It represents an extraordinary opportunity for us to generate additional capital to boost investments in new businesses and markets while still protecting our existing business.
“RealNetworks is pleased Intel has agreed to acquire our next generation video codec software and team,” said Nielsen. “Intel has a strong reputation as a technology innovator, and we believe they are well positioned to build on the development work and investment we’ve made in this area.”
“As the technology industry evolves towards an experience-centric model, users are demanding more media and graphics capabilities in their computing devices. The acquisition of these foundational media patents, additional patents and video codec software expands Intel’s diverse and extensive portfolio of intellectual property,” said Renee James, Intel senior vice president and general manager of the Software and Services Group. “We believe this agreement enhances our ability to continue to offer richer experiences and innovative solutions to end users across a wide spectrum of devices, including through Ultrabook devices, smartphones and digital media.”
In addition to the sale of the patents and next-generation video codec software, RealNetworks and Intel signed a memorandum of understanding to collaborate on future support and development of the next-generation video codec software and related products.
“We look forward to working with Intel to support the development of the next-generation video codec software and to expanding our relationship into new products and markets,” said Nielsen.
RealNetworks does not anticipate that the sale of the approximately 190 patents and 170 patent applications and next generation video codec software will have any material impact on its businesses. RealNetworks businesses include a wide variety of SaaS products and services provided to global carriers, RealPlayer, the Helix streaming media platform, GameHouse online and social games, SuperPass and other media products and services sold both directly to consumers and through partners.
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| Intel to buy 190 patents and video codec software from RealNetworks for $120 million | | Intel and RealNetworks announced on Thursday that Intel will purchase video codec software, 190 patents and 170 patent applications from RealNetworks for a total of $120 million. “We believe this agreement enhances our ability to continue to offer richer experiences and innovative solutions to end users across a wide spectrum of devices, including through Ultrabook devices, smartphones and d [..] Read complete article | | Published 26-Jan-2012 by Todd Haselton in BusinessAcquireaudio codecintelpatent pendingpatentsPurchaseRealNetworkss Real
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 | Joystiq |  Blogger | Covers video game news from an independent, unbiased perspective
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| Sony patents software-based PS2 CPU emulation | 
In Sony's on-again/off-again relationship with PS2 backwards compatibility on the PS3, we've had our hopes raised to the stars and dashed again more times than we imagined possible. Today, Siliconera discovered what appears [..] Read complete article | | Published 29-Jun-2009 by Ben Gilbert in backwards-compatibilitybackwardscompatibilityemotion-engineemulationpatentsceasony
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| Apple, RIM sued by software maker Openwave over patents |  Openwave Systems has filed patent infringement lawsuits against Apple and Research In Motion with a Delaware federal court and the U.S. International Trade Commission. Openwave believes products from both firms infringe on five patents related to how “mobile devices connect to the internet,” Bloomberg reports. The iPhone, iPod touch, iPad, BlackBerry PlayBook and BlackBerry Curve were [..] Read complete article | | Published 31-Aug-2011 by Todd Haselton in LegalSoftwareApplelawsuitOpenwavepatent infringementResearch in MotionRIMsue
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| Google to acquire Modu patents for $4.9 million |  Google was recently granted permission to purchase a patent portfolio previously held by Modu, a now defunct Israeli cell phone maker that couldn’t find a market for its minuscule mobile phones. Modu emerged in 2008 touting a peculiar modular cell phone that could be placed in a variety of sleeves to perform different functions. The unique phones, while certainly interesting, lacked mass app [..] Read complete article | | Published 19-May-2011 by Zach Epstein in
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| Joystiq | Blogger | Covers video game news from an independent, unbiased perspective
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| Joystiq | Blogger | Covers video game news from an independent, unbiased perspective
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