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Investing.com -- InterDigital Inc (NASDAQ:IDCC) stock climbed 3% on Monday after the technology research and development company secured another injunction against Walt Disney Company (NYSE:DIS) in a German court.
The Munich Regional Court ruled that InterDigital is entitled to an injunction over Disney’s infringement of a patent related to streaming video content using high dynamic range (HDR) technology. This marks the second favorable ruling from the same court, which previously awarded InterDigital an injunction regarding Disney’s infringement of a patent for dynamically overlaying video streams.
The latest decision follows a similar preliminary injunction granted by a Brazilian court, which found Disney had infringed both of InterDigital’s patents-in-suit. Disney can appeal the German court’s decision.
"This decision is another example of how Disney continues to use our technology and infringe our intellectual property without a license, for free," said Josh Schmidt, Chief Legal Officer at InterDigital. He added that the patents highlight the company’s video research capabilities, from efficient compression to enabling theater-quality visual experiences.
InterDigital, which specializes in mobile, video and AI technology research and development, has argued that Disney should "pay fair value for technology that is key to its streaming success." The company’s intellectual property portfolio includes patents essential to various streaming video technologies.
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