IDCC News & Events

InterDigital (IDCC) announced it has been awarded another injunction against Disney (DIS) by a court in Europe. The Mannheim Local Division of the Unified Patent Court ruled that InterDigital is entitled to an injunction over Disney's infringement of an InterDigital patent covering certain video encoding techniques related to HEVC and confirmed the validity of this patent. The UPC is a pan-European patent court which issues decisions that apply across multiple countries in the European Union; here, the injunction against Disney spans 11 EU countries. Disney can appeal the decision. The judgment from the Mannheim court is the first injunction InterDigital has received from the UPC against Disney. Other injunctions have been issued by courts in Germany and Brazil for Disney's infringement of InterDigital's intellectual property related to high dynamic range technology, the dynamic overlaying of multiple video streams, and additional compression technologies related to HEVC and AVC.

After InterDigital (IDCC) announced that it had entered into a video services and devices licensing agreement with Amazon (AMZN), the terms of which will be determined through binding arbitration, William Blair analyst Arjun Bhatia said it is "not a surprise" that InterDigital did not adjust its guidance as the terms of the deal are not yet finalized. However, given an estimated 240M Prime Video subscribers at the end of 2025, the firm estimates this could be a $40M-$80M recurring revenue deal with a catchup, says the analyst, who has an Outperform rating on InterDigital shares.

After InterDigital (IDCC) announced that it has entered into a patent license agreement with Amazon (AMZN), covering Amazon's services and devices including Amazon Prime Video, Roth Capital called the deal "huge validation for streaming and the next major driver of the IDCC story." Roth has a Buy rating and $425 price target on InterDigital shares.

InterDigital is up 15.0%, or $38.09 to $292.00.