With its photography-related businesses struggling and no end in sight to its stock’s free fall, Kodak is turning to patent infringement lawsuits as a way to generate revenue. The company is currently in a patent dispute with Apple (iPhone) and RIM (Blackberry) over a patent it holds for previewing image on camera phones, and hopes to generate over $1 billion in royalty revenues if it comes out victorious. Previously Kodak had used this same patent to win nearly $1 billion from Samsung and LG.
Of the $7.2 billion in revenues Kodak generated in 2010, $838 million was from patent royalties. Somehow this doesn’t seem like a sustainable strategy for the company to stop being “Apple in reverse”.
Image credit: Fight Night Punch Test by djclear904
Earlier this year photographer Daniel Morel was shocked when a photograph he captured during the devastating earthquake in Haiti and posted to TwitPic was distributed by Agency France Presse (AFP) and published on the front page of newspapers around the world — all without his permission.
To add insult to injury, he was then sued by AFP when he sent cease and desist letters in response to the copyright infringement. The dispute has turned into a legal battle over whether images uploaded to TwitPic and shared on Twitter can be freely republished by third parties. In what might be an indication of things to come, a federal court has denied AFP’s pre-trial request to have the case thrown out.