Technicolor Sells Patent Licensing Arm to InterDigital
Irell & Manella LLP represented Technicolor in the July 2018 sale of its patent licensing business to InterDigital, Inc. for a total valuation of $475 million, including an upfront payment of $150 million. The deal transferred the vast majority of Technicolor’s patent portfolio to InterDigital, along with related Technicolor licensing staff and office facilities. The deal also covered Technicolor's interest in a joint-licensing program with Sony in the fields of digital TVs and computer display monitors. The transaction enabled Technicolor to focus fully on its core operational business of theatrical post-production services for the Hollywood film industry.