A set of security interests executed last month, subsequently recorded and recently made public by the USPTO, has brought a new source of patent litigation funding into view. Six entities granted these interests to the same secured party, and three of those entities have already initiated litigation, suing defendants in the mobile communications and content distribution spaces.

Piranha Media Distribution, LLC (f/k/a Piranha Media Distribution, Inc.) has filed its first litigation, suing Disney (Hulu) (2:24-cv-00498) in the Central District of California. The plaintiff asserts two patents generally related to providing advertisements within a “digital media system”. Hulu is accused of infringement through the provision of its ad-supported streaming service, with features for providing advertisements based on “DASH interoperability guidelines and the MPEG-DASH streaming standard” at issue.