InterTrust Soars on Sony Pact - TheStreet

InterTrust Technologies

(ITRU)

will receive $28.5 million from

Sony

(SNE) - Get Report

for a license to its music antipiracy technology.

The fee is in addition to running royalties for future Sony products and services that integrate InterTrust patents related to digital rights management. InterTrust licensed its intellectual property to Sony for the development, manufacture and marketing of digital media products and services across its media and electronics business units.

InterTrust's shares were rising 58 cents, or 46%, to $1.83.