OK, this is interesting. Apparently this research group known as Acacia says that they hold patents to the transmission of all digital media, and that everyone who, umm... uses the World Wide Web to display non-text content, essentially, need to pay up. Uh-huh...
LOS ANGELES (Reuters) - Acacia Research Corp. (NasdaqNM:ACRI - news) on Friday said it has notified Webcasters and other companies that they are infringing on patents it holds related to the online transmission of digital music and other media.
Paul Ryan, the company's chairman and chief executive, said the Newport Beach, California-based company wants 0.75 percent of Webcasters revenues as a licensing fee
My first question is, if they filed the patents over 10 years ago, why are they only acting on them now?
This would be like one of Gutenberg's decendents (no, not *that* Guttenberg!) announcing that newspapers, magazines, and other print media organizations all need to fork over a certain percentage of their revenues.
Hmm... .75% times 999999999999999999999999999 companies on the net = $! We're talking Bill Gates money here folks, easily. It will be interesting to see if this has any legal merit.
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