The DVD6C Licensing Group (DVD6C) announced that its authorized licensor, Toshiba, settled its arbitration claim for unpaid royalties allegedly due from Axiom Technologies Manufacturing Pte Ltd. (Axiom) under the DVD6C patent license.
According to the statement, as part of the settlement, Axiom confirmed that it has ceased to do business. Thus, the DVD6C License Agreement with Axiom was terminated.
As a matter of background, the DVD6C Licensing Group (DVD6C) is a patent pool formed by nine developers of DVD technology including Hitachi, Mitsubishi Electric, Panasonic, Samsung, Sanyo Electric, Sharp, Toshiba, JVC and Time Warner.
For more information visit: www.dvd6cla.com