That patents are hindering innovation.
It only hinders innovation at companies too small to make these deals. Remember that next time you hear we need patents to protect the mythical lone inventor.
The system hinders innovation at Google, Verizon, and every other tech company as well. Verizon's public statement starts right at the top with
Verizon Signs Patent Licensing Deal with Google to Promote Innovation
then continues with
But in high-tech industries like ours, the patent system can be exploited to get in the way of innovation.
Verizon believes that even high-tech giants like themselves are hindered by the system. Hence the deal. I agree that small-time inventors are hurt more as they are unable to strike these deals, but that does not mean the system only hinders them.... else there would be no need for this deal.