Access Advance Licensor Sues Snap Inc. for AV1 and HEVC Patent Infringement [Yahoo! Finance]
Snap Inc. Class A (SNAP)
Last snap inc. class a earnings: 4/21 04:10 pm
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Source: Yahoo! Finance
Inc., a holder of patents administered through the Access Advance Video Distribution Patent Pool, has filed suit against Snap Inc. in the United States and Brazil alleging infringement of patents related to the AV1 and HEVC (H.265) video codecs. This is both the first assertion of a patent accusing an AV1 implementation by an Access Advance licensor, and the first AV1 assertion against a streaming platform. "When companies implement advanced technologies without securing the appropriate licenses, they undermine the collaborative framework that enables innovation," said Peter Moller, CEO of Access Advance. "Enforcement actions like this one enable innovators to defend their intellectual property rights and ensure that they're properly compensated for their work." AV1 -- introduced in 2018 by the Alliance for Open Media, or AOM, a consortium including major technology companies -- is promoted as a royalty-free video codec. But neither AOM, nor its members, own all patents used in
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News
- INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Snap, Inc. - SNAPGlobeNewswire
- INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Snap, Inc. - SNAPPR Newswire
- INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Snap, Inc. - SNAPGlobeNewswire
- Kuehn Law Encourages Investors of Snap, Inc. to Contact Law FirmGlobeNewswire
- INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Snap, Inc. - SNAPPR Newswire
SNAP
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- 2/4/26 - Beat
SNAP
Sec Filings
- 3/17/26 - Form 4
- 3/17/26 - Form 4
- 3/16/26 - Form 144
- SNAP's page on the SEC website