VVS Virtual Video Systems (Canada) Inc. has made plans to divest its patent portfolio in the VOD space, hiring U.S. patent-brokerage firm Tangible IP LLC to coordinate the sale.
According to Tangible, the VVS patent portfolio is considered “a key building block to the architecture and deployment of current and next generation VOD services.”
“We believe that our patent portfolio will be of interest to any entity that wants to operate freely in this fast-growing segment while maintaining an exclusive differentiation over their competitors and/or by monetizing the IP themselves,” comments John Talbot, CEO at VVS. “We made the decision to offer those assets for sale instead and let the established players in the industry decide how they will best be deployed and shared. For those in this market segment, our patent portfolio will undoubtedly add real value to a company’s core asset.”
The main VVS patent — Video and Multimedia Distribution System — was filed in 2006; it describes a digital media content-on-demand hosting/delivery system for using an n-tier, multi-dimension, dynamic data technology to distribute digital content and to manage information to consumers. It comprises separate delivery and end-user systems with separate but compatible software.