The Kudelski Group (SIX: KUD.S), a developer of digital security solutions, has announced a patent license agreement with fuboTV, a global leader in digital content distribution.
“This agreement further validates the relevance of the Group’s patent portfolio to the OTT/streaming video market,” said Gilles Rapin Senior Vice-President, Innovation and Business Development at the Kudelski Group.
Launched in January 2015, FuboTV is an American over-the-top internet television service that focuses primarily on channels that distribute live sports, including NFL, MLB, NBA, NHL, MLS and international soccer, plus news, network television series and movies. Investors in FuboTV include AMC Networks, 21st Century Fox, Luminari Capital, Northzone, Sky, and Scripps Networks Interactive.
Financial terms of the patent license agreement remain confidential and were not disclosed.