Ok,
Just got off the phone with Jimmy Flynt Jr. We know each other pretty well and he gave me the down low on the Hustler/Acacia deal.
J. Fly wanted to know as much as everyone else where the Acacia leak was. I mentioned GFY and the general consensus that it was Matrix. He had no personal knowledge of where the leak originated.
I was curious as to the details of the Hustler/Acacia deal. I had two simple questions, how much, and could they get out of it if the patent is not upheld in court? Jimmy said it works out to about $250,000 a year for Acacia. That's peanuts in the picture of potential litigation costs.
Jimmy also said the licensing agreement would eventually expire, and if the patent was not held valid by the courts they would have no need to renew.
In my opinion, if the Acacia patent is not held, then anyone who had previously signed could then turn around and not pay their fees. At that point Acacia would have little contractual merit in which to pursue their claim and sue again. In fact one could theoretically sue Acacia for a frivolous and fraudulently intentional law suit. Of course all this would be messy and somewhat moot.
It's unfortunate it works out that it's cheaper and less time consuming for Hustler to sign up but business is business.
On another note, looks like I'll be at the Halloween party tonight. Being the cheap bastard I am I asked Jimmy to put me on the list. Actually, it wouldn't be very Hollywood of me if I either paid or stood in line for a club. LOL
ciao,
Just got off the phone with Jimmy Flynt Jr. We know each other pretty well and he gave me the down low on the Hustler/Acacia deal.
J. Fly wanted to know as much as everyone else where the Acacia leak was. I mentioned GFY and the general consensus that it was Matrix. He had no personal knowledge of where the leak originated.
I was curious as to the details of the Hustler/Acacia deal. I had two simple questions, how much, and could they get out of it if the patent is not upheld in court? Jimmy said it works out to about $250,000 a year for Acacia. That's peanuts in the picture of potential litigation costs.
Jimmy also said the licensing agreement would eventually expire, and if the patent was not held valid by the courts they would have no need to renew.
In my opinion, if the Acacia patent is not held, then anyone who had previously signed could then turn around and not pay their fees. At that point Acacia would have little contractual merit in which to pursue their claim and sue again. In fact one could theoretically sue Acacia for a frivolous and fraudulently intentional law suit. Of course all this would be messy and somewhat moot.
It's unfortunate it works out that it's cheaper and less time consuming for Hustler to sign up but business is business.
On another note, looks like I'll be at the Halloween party tonight. Being the cheap bastard I am I asked Jimmy to put me on the list. Actually, it wouldn't be very Hollywood of me if I either paid or stood in line for a club. LOL
ciao,
hustler
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