MPEG LA announced that it has settled its MPEG-2-related patent litigation with VOXX International (formerly Audiovox).
Unedited press release follows:
MPEG LA, VOXX International Settle Litigation
DENVER — MPEG LA, LLC (“MPEG LA”) is pleased to announce that MPEG LA and VOXX International (formerly known as Audiovox Corporation) have settled their litigation in the State of New York
MPEG LA, LLC
MPEG LA is the world leader in alternative technology licenses, enabling users to acquire worldwide patent rights necessary for a technology standard or platform from multiple patent owners in a single transaction as an alternative to negotiating individual licenses. By assisting users with implementation of their technology choices, MPEG LA offers licensing solutions that create opportunities for wide adoption and fuel innovation. MPEG LA’s pioneering MPEG-2 licensing program helped produce the most widely employed standard in consumer electronics history and has become the template for addressing numerous other technologies. Today MPEG LA manages licensing programs consisting of 6000 patents in 74 countries with 159 licensors and some 5000 licensees. For more information, please refer to http://www.mpegla.com.