Google directed to pay $339M in video-casting patent case
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A federal jury has ordered Google (NASDAQ:GOOG) (NASDAQ:GOOGL) to pay $338.7M after saying the company violated patents from Touchstream Technologies tied to streaming videos from one screen to another.
That relates to devices such as Google's popular Chromecast, which are tied to a TV screen and can receive videos streamed from devices like users' smartphones.
Google says it will appeal the verdict.
Touchstream said in its suit that its founder invented technology in 2010 to move videos from smaller devices to larger devices, and that Google met with the company for some ultimately fruitless talks in December 2011. Google introduced the Chromecast devices in 2013.
Touchstream also has similar complaints pending against cablecos Comcast (CMCSA), Charter (CHTR) and Altice USA (ATUS).
Google said in response that it has always developed technology independently, and that Touchstream's patents are invalid.

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