×

Broadcast Interactive Media Retains Adapt IP Ventures to Monetize Patent Portfolio

ATLANTA and MADISON, Wis., April 15, 2013 (GLOBE NEWSWIRE) -- Broadcast Interactive Media (BIM), whose evolving suite of Web, video, and mobile publishing tools help increase client revenues by attracting more traffic and improving ad delivery, today announced that it has retained Adapt IP Ventures to monetize their user-centric broadcasting patent portfolio.

"We have built BIM on innovation and great market timing," says Timur Yarnall, BIM co-founder and CEO. "While we capitalize on the opportunity for others to use our tools that helps so many local market television stations attract and retain traffic and advertising, we are hard at work on the next generation of developments that will drive our business."

BIM's foundational patent portfolio includes 10 issued U.S. patents and one pending U.S. patent application with a priority date as early as June 1998. Key characteristics of the patent portfolio include:

  • Managing and controlling the delivery of television content based on the location of a user, signal strength and/or available bandwidth
  • Presenting and delivering viewing options based on the popularity of aired programs
  • Providing a dynamic program guide with various views and showing available and/or excluded programming content that is not available at that location, such as a sports blackout restriction
  • Identifying the popularity rank of live television broadcasts across multiple TV channels, recording a number of the popular broadcasts, then delivering these in on-demand / re-run form

The BIM patent portfolio has been referenced over 100 times by companies including AT&T, TruePosition (a subsidiary of Liberty Media), Rovi, Synchronoss, Syncbak, I-Broadcast, 3D Radio and Hitachi.

"Broadcast Interactive Media is in a unique position to monetize a patent portfolio that enables successfully deployed technologies and products," stated Grant Moss, CEO of Adapt IP Ventures. "We believe that demand for this patent portfolio will be significant as the market for video and content-related patents remains strong."

Companies interested in obtaining more information about the BIM patent portfolio should contact Grant Moss of Adapt IP Ventures.

Broadcast Interactive Media (BIM) is a leading online ad optimization platform and data services provider. BIM delivers its revenue and technical solutions to online publishers and continues to be a trusted source for hundreds of local broadcasters and media sites worldwide. Core products are the BIMLocal Ad Optimization Platform, BIMcms, MediaStar Suite, TitanTV Data Services, and the BIMvid video manager. Customers include ABC, Belo Corp, Capitol Broadcasting, CBS Television, Fisher Communications, Fox Television, Gannett Broadcasting, Hearst-Argyle, NBC Owned Television Stations, Scripps-Howard and the Telemundo Station Group. BIM is based in Madison, WI, with offices in New York City, Los Angeles, Cedar Rapids, IA, and Austin, TX. http://www.broadcast-interactive.com

Adapt IP Ventures provides transaction advisory services designed to assist innovative firms understand and extract value from their patents. Typical engagements consist of Adapt IP Ventures developing and executing custom strategies to build, sell, license and evaluate patents. www.adaptipventures.com

CONTACT: Grant Moss Adapt IP Ventures, LLC Phone: 770-353-0756 Email: grant@adaptipventures.com

Source:Adapt IP Ventures, LLC