InterDigital (IDCC) stock is soaring 6.84% in pre-market trading on Monday, following a significant legal victory against Disney (DIS) in Germany. The mobile, video, and AI technology research and development company secured an injunction from the Munich Regional Court in a patent infringement case against the entertainment giant, boosting investor confidence in InterDigital's intellectual property portfolio.

The German court ruled that Disney infringed on an InterDigital patent, which covers a method for dynamically overlaying video streams, such as adding subtitles. This decision follows a similar ruling from a Brazilian court, where a preliminary injunction was also granted in InterDigital's favor. The consecutive legal wins underscore the strength of InterDigital's intellectual property in the video streaming technology sector and could potentially lead to significant licensing revenue for the company.

Josh Schmidt, Chief Legal Officer at InterDigital, commented on the ruling, stating, "This is another illustration of how Disney uses InterDigital's innovations to stream content to consumers and to build a multi-billion-dollar global streaming business." He encouraged Disney to take a license that fairly values InterDigital's key innovations. The market's positive reaction reflects optimism about InterDigital's ability to monetize its patent portfolio in the rapidly growing video streaming market, potentially opening doors for similar agreements with other major players in the industry.