Earlier we reported that several Chinese manufacturers of DVD players did not pay the royalities for the DVD format they were using in their cheap DVD players. Today Kyodo News reports that Chinese manufacturers have made payments to the companies involved.
The Dutch Royal Electronics giant Philips will negoiate in name of Sony and Pioneer for more payments. The agreement by Sony, Pioneer and Philips calls for Chinese firms to pay $5 per DVD player for export products for the time being, the officials said. The three concerns will continue to seek royalty payments for DVD players shipped in China.
Given the accord, Philips will negotiate in place of Sony and Pioneer with some 100 Chinese companies individually to sign patent contracts and collect royalties as soon as possible, the officials said, according to the report. |
Earlier this week, sources close to the case said about 50 Chinese companies have begun paying a total of Y1.5 billion for DVD players to five Japanese firms - Toshiba Corp. , Hitachi Ltd. , Victor Co. of Japan , Mitsubishi Electric Corp. and Matsushita Electric Industrial Co. - and two U.S. firms, AOL Time-Warner Inc. and International Business Machines Corp.
Source: Yahoo.com
