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InterDigital (IDCC) Drives Innovation in Volumetric Streaming

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InterDigital, Inc. (IDCC - Free Report) announced that it will showcase cutting-edge advancements in the volumetric streaming technologies and their application in the sports and eSport industry. The demonstration will take place at AWE USA 2024 in Long Beach, CA, scheduled on Jun 18-20. Volumetric video technology captures 3D representations of real-world objects. With these 3D models, Volumetric technology brings a heightened sensation of depth and parallax to the video content, offering a more immersive experience to viewers.

With detailed three-dimensional portrayals of real-world scenes, Volumetric videos contain significantly more data than traditional 2D videos. Due to higher data volume, efficient compression becomes vital to ensure smooth delivery of the content. IDCC is collaborating with Philips to match the MPEG Visual Volumetric Video-based Coding (V3C) standards that define the system of encoding and streaming volumetric content with special compression.

IDCC boasts extensive expertise in advanced video codecs, including video point cloud compression (V-PCC), crucial for managing the large volumes of data generated by volumetric video. IDCC’s immersive codecs, MPEG immersive video extensions and haptics integrated with Philips’s 6DoF (six degrees of freedom) rendering and multi-camera capturing technologies will match the V3C standard, facilitating efficient compression of the content required to transmit high-quality 3D data.

Through their collaborative efforts, InterDigital and Philips are laying the foundation for widespread commercial adoption of volumetric video technologies across a variety of devices and use cases. Major sports clubs and leagues around the world are looking to broaden their audience reach by offering an immersive and interactive viewing experience. IDCC’s latest volumetric research and innovation have significant potential in the domain of sports broadcasting and other entertainment sectors as well, such as cinema, interactive storytelling, virtual concerts and more.

InterDigital boasts a comprehensive patent portfolio in wireless and video technologies, and the latest leading-edge innovations in volumetric video and immersive content will likely create new opportunities for licensing agreements.

InterDigital is a pioneer in advanced mobile technologies that enable wireless communications and capabilities. The company engages in designing and developing a wide range of advanced technology solutions, which are used in digital cellular, as well as wireless 3G, 4G and IEEE 802-related products and networks.

Apart from the company’s strong portfolio of wireless technology solutions, the addition of technologies related to sensors, user interface and video to its offerings are likely to drive considerable value, considering the massive size of the market it licenses. The combined revenue-generating potential of the wireless and consumer electronics licensing platforms has reached around $650 million. This underscores the strength of its portfolio across several key technologies related to cellular wireless, including 3G, 4G, and 5G, WiFi and HEVC video technology.

Shares of IDCC have gained 28.7% in the past year compared with the industry’s growth of 43.7%.

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IDCC currently carries a Zacks Rank #3 (Hold)

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