Yesterday we posted that Sony was sueing Apex because they claim that Apex imports and sells cheap DVD players into the US without paying the required licensing fees to Sony.
Today we read on Yahoo that Sony has dropped the lawsuit after Apex agreed to pay DVD-player royalties to Sony.
Sony filed a lawsuit in the U.S. on March 26 against the start-up company for infringements of DVD-player patents, claiming Apex imports and sells cheap DVD players into the U.S. without paying the required licensing fees. |
Apex's parent company, United Delta Inc., has agreed to pay licensing fees of $5 per player or 3.5% of a player's wholesale price, whichever the higher, to Sony, Philips Electronics Ltd. and Pioneer Corp. (PIO), Sony said. The three companies hold a joint DVD-technology license....
Don't underestimate the power of the Sony Legal Department
Source: Yahoo.com
