As is becoming the norm in the cinema industry, things can change very quickly. Case in point: the on-going Kodak saga. Just the other day (7/1/12) I posted on CMG that a number of tech giants, including Intel and Apple, petitioned the bankruptcy count to indefinitely postpone the planned August auction by Kodak of its inventory of digital imaging patents to the highest bidders.
On 7/3/12 - two days later - the U.S. Bankruptcy Court dismissed the complaints and approved the action, granting Kodak the right to sell "all or any portion" of its patents "free and clear" of all claims and interests, to maximize their value. The Court further stated that, "holders of claims and interests, if any, will be sufficiently protected by the availability of the proceeds of the sale."
The patents are to be auctioned in two separate portfolios called the Digital Capture and Kodak Imaging Systems and Services portfolios. Apple, for example, claims that 10 of the patents in the Digital Capture portfolio are their inventions. Kodak, filed a complaint that asked the Court to issue an injunction barring Apple and others from asserting ownership "under any theory, including ownership " to Kodak patents, and asked for dismissal of the "baseless" claims by Apple and others -
it seems the U.S. Bankruptcy Court for the Southern District of New York agrees, and, as of today, the auction will take place in August as planned.
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