Nokia signs patent agreement with Amazon for video technologies

Nokia has announced a patent agreement with Amazon, granting Amazon the rights to use Nokia’s video technologies in its streaming services and devices.

Nokia @ Mobile World Congress 2024
Nokia @ Mobile World Congress 2024

This agreement brings an end to all patent litigation between the two companies across all jurisdictions. While the specific terms, including financial details, remain confidential, the resolution marks a significant step in their business relationship.

Advancing Video Technology in Streaming Services

The agreement allows Amazon to integrate Nokia’s advanced video technologies into its streaming ecosystem, enhancing performance and efficiency. Nokia’s expertise spans various areas, including video compression, content delivery, content recommendation, and hardware-related aspects. These innovations help improve streaming quality and efficiency for millions of users, Arvin Patel, Chief Licensing Officer of New Segments at Nokia, said.

Nokia’s Leadership in Multimedia Innovation

Nokia has been a pioneer in video and multimedia technology for over 25 years, creating nearly 5,000 patented inventions that power modern multimedia services. The company continues to play a key role in research and standardization, shaping the future of the industry.

Investment in Research & Development

Nokia’s commitment to technological advancement is reinforced by its substantial investment in research and development (R&D). Since 2000, the company has invested over €150 billion in R&D, including more than €4.5 billion in 2024 alone, covering areas such as cellular and multimedia technologies.

TelecomLead.com News Desk

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