VVS Virtual Video Systems (Canada) Inc. Announces Immediate Availability of Key Patent Portfolio in Video on Demand Space
Summary
“VVS was truly a trailblazer when it comes to deploying VOD services and, although their commercial model was hampered by the commoditization of digital content, they laid out an architecture for a better quality VOD experience, as reflected in their patent filings, that everyone is now adopting.” “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,” said John Talbot, CEO of VVS.“Rather than embarking on a long and tedious licensing process, 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.The VVS patent portfolio is considered a key building block to the architecture and deployment of current and next generation VOD services.“I have had the opportunity to study the VVS patents in details recently and I believe they would constitute a strategic intellectual property asset for any company currently active in the VOD space or which is contemplating entering that area,” said Freddy Kalles, a well-known industry consultant.“VVS was truly a trailblazer when it comes to deploying VOD services and, although their commercial model was hampered by the commoditization of digital content, they laid out an architecture for a better quality VOD experience, as reflected in their patent filings, that everyone is now adopting.”“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,” said John Talbot, CEO of VVS.“Rather than embarking on a long and tedious licensing process, 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.