Google Inc. GOOG and MPEG LA, LLC announced today that they have entered into
agreements granting Google a license to techniques that may be essential to
VP8 and earlier-generation VPx video compression technologies under patents
owned by 11 patent holders. The agreements also grant Google the right to
sublicense those techniques to any user of VP8, whether the VP8 implementation
is by Google or another entity. It further provides for sublicensing those VP8
techniques in one next-generation VPx video codec. As a result of the
agreements, MPEG LA will discontinue its effort to form a VP8 patent pool.
“This is a significant milestone in Google's efforts to establish VP8 as a
widely-deployed web video format,” said Allen Lo, Google's deputy general
counsel for patents. “We appreciate MPEG LA's cooperation in making this
happen.”
“We are pleased for the opportunity to facilitate agreements with Google to
make VP8 widely available to users,” said MPEG LA President and CEO Larry
Horn.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In: News
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in