Connect with us

Hi, what are you looking for?

New Products

LG Electronics and Toshiba Enters Cross Licensing of Optical Disc Products-related Patents

LG Electronics Inc. and Toshiba Corporation today announced that they have signed a patent cross licensing agreement for optical disc related products, providing each company with access to the related patents and technologies of the other. The agreement covers each company’s worldwide patents for optical discs and for the optical disc drives, players and recorders that use them. The agreement is expected to bring benefits to both companies in terms of expediting product development and reducing development costs for optical disc related products, including next-generation DVDs.

The market for optical disc products continues to see robust growth, in line with the proliferation of high-definition content and ever-increasing needs for large capacity storage requirements. In the fast growing market for digital consumer electronics, optical disc related equipment is finding an increasingly prominent role. Toshiba and LG Electronics have responded to this with a patent-sharing agreement covering optical disc products that targets reinforced product development capabilities and accelerated product development for each company.

LG Electronics Inc. is one of the global leading companies in the field of optical disc related products.

Toshiba, a global leader in optical disc technology, made substantial contributions to defining today’s DVD specifications, and commercialized the world’s first DVD player.

“Both companies expect mutual benefit in the field of optical discs related products through this agreement.”, said Mr. B.B.Hwang, President and CEO, Digital Media Company, LG Electronics Inc.

“This agreement is part of our strategy of promoting mutually beneficial cooperation with leading global electronics companies,” said Mr. Yoshihide Fujii, President and CEO, Digital Media Network Company, Toshiba Corporation. “Our goal is to reinforce our ability to bring competitive products to the rapidly growing optical media product marketplace at a faster rate.”

Advertisement. Scroll to continue reading.

LG Electronics Reviews

From Critics Around the Web

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

Our Reviews

Bookshelf Speakers

The new Lumina collection brings the artistry of Sonus faber loudspeakers to a much wider audience for a lot less money.

Reviews

BDI sets a high bar with another modern media console designed to conceal all your electronics and a sound bar in an elegant ventilated...

Reviews

Nobody needs to be reminded that the past four months have taken a toll on our collective psyches; being quarantined for months in New...

LG Electronics

The LG Tone Free Earbuds with Meridian technology include a unique UV-light disinfecting wireless charging case and are undeniably better sounding than AirPods.

LG Electronics

A go-anywhere portable wireless speaker with multi color lighting effects that leaps to the top of its class thanks to Meridian Audio technology.

Computers

Rock solid adjustable motorized standing desk that raises or lowers at the touch of a button. Budget priced at only $379.

You May Also Like

New Products

An all-in-one wireless security camera, smart speaker, voice control with Amazon Alexa, an intercom, smart sound detector and an expandable smart home hub Toshiba...

Laptops

Toshiba just released the Tecra X40 14-inch thin and light laptop for business users. The $1330 onyx blue colored notebook PC is 16.9 mm...

Laptops

Toshiba just released the Satellite Radius 12, the world’s first 12.5-inch convertible Windows 10 laptop with a 4K Ultra HD display. The $1300 multimode...

New Products

Toshiba announced dynaPad, a unique Windows 10 tablet that claims to offer a truly natural and fluid handwriting experience, just like writing with pen on paper....

Advertisement

ecoustics is the unbiased resource for the latest technology news, coolest gadgets, and best consumer electronics. Plus get product reviews, roundups and deals from all over the web on everything electronic. Read more



Copyright © 1999-2020 ecoustics | Disclaimer: ecoustics may earn a commission when you buy through links on our site.