Nokia and Amazon have resolved their patent disputes concerning video technologies with a confidential licensing agreement. Nokia emphasized the necessity for fair compensation in tech innovations and highlighted significant investments in R&D totaling over 140 billion euros since 2000. Despite previous lawsuits for patent infringements in various countries, Nokia prefers negotiations over litigation. Chief Licensing Officer Arvin Patel noted the growing streaming market's financial potential and reaffirmed Nokia's commitment to protecting its intellectual property while fostering collaborative licensing arrangements.
Nokia's recent agreement with Amazon regarding video technology demonstrates the significance of fair licensing and the returns on substantial investments in R&D.
Patel highlighted that legal action is not Nokia's initial approach, reflecting the company's preference for direct negotiations and fair compensation agreements.
With over 140 billion euros invested in innovation, Nokia considers its extensive patent portfolio a robust foundation for its business in a rapidly growing streaming market.
The settlement over legal disputes underscores the value of innovative research and development in multimedia, with expectations of real profits for those pioneering technologies.
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