Hilco Streambank wants to acquire a streaming media tech company with a patent portfolio

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Payable signs of interest April 28, 2023

new york, March 14, 2023 /PRNewswire/ – Hilco Streambank (www.HilcoStreambank.com), a leading intellectual property advisory firm focused on the valuation and monetization of intangible assets, announced the sale of its “Project Symphony” technology platform (the “Company”). A communications platform that connects products with simultaneous media streaming and user experience across multiple locations.

(PRNewsfoto/Hilco Streambank)

(PRNewsfoto/Hilco Streambank)

Indications of interest in acquiring the properties April 28, 2023.

The company has developed a mobile app, with versions for both iOS and Android devices, to sync and socialize music playback across devices, carriers, platforms and geographies. At the heart of the technology is a cloud-based, cross-platform interoperability system that enables multiple end-user experience applications and business models, and supports multiple revenue streams.

“Project Symphony is a social music app that allows customers in different locations to stream music together and share content directly, combines audio with other streaming media to create a unique integrated listening experience, and allows artists and celebrities to connect with their fans.” He commented Gabe friedHilco Streambank CEO’s platforms can be customized for any industry vertical supporting multimedia streaming and can be customized in many ways for different brands, artists, labels or product categories.

Carl MarshSenior Vice President and former patent litigator and corporate monetization attorney at Hilco Streambank said, “In developing the app, the company has amassed a large and well-developed patent portfolio related to streaming that should be attractive to many companies. The streaming market, in particular, provides anyone with co-viewing services.”

An interested party can purchase the company’s assets, which include a large globally registered patent portfolio with 19 issued US patents and 65 patents in major global markets. It is possible to present the 3 claim charts of the company’s patent that lead to different viewing services for user-to-user interaction of simultaneous synchronous media consumption.

Those interested in learning more about the properties and the sale process can click here or contact Hilco Streambank using the contact information below.

About Hilco StreambankHilco Streambank is a market-leading consulting firm specializing in intellectual property positioning and valuation. After completing several transactions, including publicly reported Chapter 7 and 11 bankruptcy cases, private transactions and online sales, Hilco has established StreamBank as a leading intermediary in the consumer brand, Internet and telecom communities. Hilco is part of Streambank. Northbrook, Illinois Based in Hilco Global, the world’s leading authority on maximizing the value of commercial assets by providing valuation, monetization and advisory solutions to the global marketplace. Hilco Global operates over twenty specialized business units that provide services that include asset valuation and appraisal, retail and industrial inventory acquisition and placement, real estate and strategic capital equity investments.

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Source Hilco Streambank

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