Universal Studios settles patent dispute

Date : 11/20/2007 @ 8:26AM
Source : TFN
Stock : Acacia Research Corp (ACTG)
Quote : 2.4  -0.15 (-5.88%) @ 8:00PM
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Universal Studios settles patent dispute

        NEWPORT BEACH, Calif. (AP) - Universal Studios roller-coaster ride through
the patent courts has come to a sudden end.
    Patent developer Acacia Research Corp. said Tuesday that its Safety Braking
Corp. subsidiary settled a patent dispute with Universal over the use of safety
brake technology on amusement park rides. Neither side revealed the terms of the
settlement.
    The litigation, which began earlier this year, named Universal City Studios
LLLP and Universal City Development Partners Ltd., the parent company of
Universal Studios Florida.
    Universal Studios is part of NBC Universal, which is 80 percent owned by
General Electric Co. and 20 percent owned by Vivendi Corp.
    Acacia Research subsidiaries buy and license patented technologies, covering
everything from audio/video enhancement to database management.
    
Copyright 2007 Associated Press. All rights reserved. This material may not be
published, broadcast, rewritten, or redistributed.
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