Apple, Google, HTC, RIM, Others Buy Kodak Patents
Eastman Kodak today announced that it has sold a collection of its imaging patents to a consortium of companies for a total of $525 million. The consortium, which is led by Intellectual Ventures and RPX Corp., includes Adobe, Amazon, Apple, Facebook, Fujifilm, Google, HTC, Huawei, Microsoft, Research In Motion, Samsung, and Shutterfly. Under the terms of the agreement, Intellectual Ventures (which is itself a patent-licensing firm) and RPX gain ownership of the patents, while the other firms are all contributing licensing fees for access to the patents. The patent sale is one measure being taken by Kodak to recover while undergoing bankruptcy reorganization. The patent sale also concludes any litigation between Kodak and the new licensees.
Comcast Details Mobile Phone Service as Xfinity Mobile
Comcast today revealed details of its forthcoming Xfinity Mobile phone service. The company will use Verizon's 4G LTE network for the service, using an existing MVNO agreement.
Huawei Watch 2 Hits Stores Today
Huawei today made its new smartwatch, the Watch 2, available from various online retailers for $300. The device runs Android Wear 2.0 from Google and includes GPS, a heart rate monitor, NFC, 420 mAh battery, and a 1.2-inch AMOLED display.
Google Play Music to Be Default Music Player on All Samsung Devices
Google and Samsung today said starting with the launch of the Galaxy S8 and S8+, Google Play Music will be the default music player and music service on Samsung phones and tablets globally. Consumers who buy the S8 or S8+ will receive a free three-month trial of Google Play Music, which offers ad-free access to some 40 million tracks.
Apple's Patent Consortium to Sell 4,000 Patents for $900M
Rockstar Consortium, a patent-holding company headed by Apple, has agreed to sell more than 4,000 mobile patents for about $900 million. Apple and partners Microsoft, BlackBerry, Ericsson, and Sony paid $4.5 billion for more than 6,000 patents from Nortel four years ago in order to help protect against litigation.