DENVER & KARLSBAD, Germany--(BUSINESS WIRE)--MPEG LA, LLC and Nero AG have recently settled the litigation between them, which was pending in the Los Angeles Superior Court. MPEG LA and Nero are pleased that this has been resolved to their mutual satisfaction by agreement of the parties and that Nero will continue as a Licensee in good standing under MPEG LA’s MPEG-2 Patent Portfolio License, MPEG-4 Visual Patent Portfolio License, AVC/H.264 Patent Portfolio License and VC-1 Patent Portfolio License.
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. Wherever an independently administered one-stop patent license would provide a convenient marketplace alternative to assist users with implementation of their technology choices, the licensing model pioneered and employed by MPEG LA may provide a solution. By balancing patent users’ interest in reasonable access with patent owners’ interest in reasonable return, MPEG LA creates the opportunity for adoption of new technologies and fuels innovation. MPEG LA’s initial licensing program for MPEG-2 digital video compression helped produce the most widely employed standard in consumer electronics history, and the MPEG LA® Licensing Model has become the template for addressing other technologies. Today MPEG LA manages licensing programs consisting of 6000 patents in 74 countries with 157 licensors and some 5000 licensees. For more information, please refer to http://www.mpegla.com.
Nero creates software applications and platforms that help consumers simply enjoy their photos, videos and music. Its free Nero Kwik Media platform enables consumers to access, enhance and share their digital content across PCs, smart phones, tablets and online social networks. Nero also produces a top-selling multimedia software suite, which contains powerful applications for media management, video editing, video converting, file back-up, content syncing and disc burning.
Headquartered in Karlsbad, Germany, Nero has offices in Karlsbad, Germany; Glendale, California, USA; Yokohama, Japan; and Hangzhou, China.