
Cinema aficionados and learned professionals in the film industry may have a soft spot in their heart for the innovations Technicolor brought to early cinema, but to Apple, HTC and Samsung, the company is now another patent troll nipping at their heels.
Technicolor is the latest company in financial trouble hoping to leverage their army of 40,000 video, audio, and optical patents against tablet and phone makers. Technicolor has a team of 220 people literally tearing apart every new phone and tablet in hopes that they discover features that infringe on the company’s aforementioned patents.
"We usually send manufacturers a big file, with photos of the guts of their products, pointing to where they've been using our technology without paying for it. Once those images have sunk in, we can start negotiating." — Beatrix de Russe, executive vice president of intellectual property at Technicolor.
In fact calling Technicolor a patent troll might be unfair concerning their behavior is a shining example of how companies should leverage their patents (Apple, Samsung, Motorola, and everyone else should take notes). Technicolor currently has licensing deals with “all major manufacturers” but, declined to comment on who the licensees are and who infringed on patents in the past. Technicolor’s patent strategy is long-term as licensing agreements are their largest source of revenue. Selling patents would initially increase cash flow, but that well would eventually dry up.
"If we start selling our patents, revenues will dry out. It’s a very short-term vision...
We’ve got a reputation for charging reasonable licensing fees and preferring friendly negotiations. That doesn’t mean we don’t drag people to court from time to time.” — de Russe
We’ve got a reputation for charging reasonable licensing fees and preferring friendly negotiations. That doesn’t mean we don’t drag people to court from time to time.” — de Russe
Source: Bloomberg



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