Fuisz Media Ties With Intellectual Ventures

Santa Monica-based interactive video technology developer Fuisz Media and IP licensing firm Intellectual Ventures said yesterday that the two are in a intellectual property licensing agreement. The companies said that Fuisz has acquired several strategic patents related to interactive video technology from IV, and has become a customer of IV's patent defense program. Financial details of the patent licensing deal were not announced. Fuisz Media is developing technology to automatically identify objects in videos, so that viewers can get more information about characters or even buy products by clicking in a frame.