TouchTunes Prevails In Patent Lawsuit With Arachnid
NEW YORK, Oct. 24, 2013 /PRNewswire/ -- TouchTunes Interactive Networks, the largest interactive out-of-home entertainment network in North America, today announced that a federal judge found in favor of TouchTunes in its patent infringement lawsuit with Arachnid, Inc.
The lawsuit began in 2007 following Arachnid's ongoing and unsupported allegations in the marketplace that TouchTunes infringed its patents. At that time, TouchTunes resolved to vigorously defend its reputation and its own original and patented technology. The judge had previously dismissed several of Arachnid's patents for non-infringement and recently determined that TouchTunes had not infringed any of the remaining patents in the lawsuit, giving TouchTunes a complete victory.
"This court ruling fully vindicates us," said Charles Goldstuck, the President and CEO of TouchTunes. "TouchTunes has a proud history of developing unique and innovative products and has always respected the intellectual property rights of others. As a leader in this industry, we will always vigorously defend ourselves against any unwarranted claims like those lodged in the failed Arachnid lawsuit."
ABOUT TOUCHTUNESTouchTunes brings the world's most innovative technologies to social venues and has become the largest interactive entertainment platform in North America. We provide entertainment and marketing solutions to over 60,000 bars and restaurants nationwide. Since TouchTunes introduced the first digital downloading, pay for play jukebox in 1998, the network has become the largest of its kind with almost a billion songs played in 2012. The TouchTunes mobile app allows users to find locations nearby and control the music experience directly from their phones. Since launch, it has been downloaded over 1.7 million times. Recently, the company re-imagined the jukebox as a multi-application platform that now services the iconic experiences of Karaoke and PhotoBooth. As an advertising channel, TouchTunes provides digital advertising and sponsorship opportunities across the multi-platform network. TouchTunes is a privately held US corporation headquartered in New York City with offices in Chicago and Montreal. To learn more about TouchTunes and for exclusive content please join our social communities on Facebook, Twitter, and Tumblr. SOURCE TouchTunes
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV