Wednesday, August 16, 2006

MPEG LA Announces VC-1 License Terms

MPEG LA, which is an organization that provides one-stop technology patent licensing, announced that an initial group of essential patent holders have agreed on final terms of license to be included in the VC-1 Patent Portfolio License, expected to issue during 2006.

The VC-1 essential patent holders currently include DAEWOO Electronics Corporation, France Telecom, societe anonyme, Fujitsu Limited, Koninklijke Philips Electronics N.V., LG Electronics Inc., Matsushita Electric Industrial Co., Ltd. (Panasonic), Mitsubishi Electric Corporation, Microsoft Corporation, Nippon Telegraph and Telephone Corporation (NTT), Samsung Electronics Co., Ltd., Sharp Corporation, Sony Corporation, Telenor ASA, Toshiba Corporation, and Victor Company of Japan, Limited (JVC).

MPEG LA continues to welcome the submission of issued patents for an evaluation of their essentiality to the VC-1 Standard in an effort to include as much essential intellectual property as possible under one license for the benefit of the marketplace.

Any party that believes it has patents that are essential to the VC-1 Standard and wishes to join the VC-1 Patent Portfolio License is invited to submit them for evaluation by MPEG LA's patent evaluators.

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