Kodak and Sony Have Entered Into a Broad Cross License Agreement and Settled Their Ongoing Patent Litigations
Sony Corporation ("Sony") today announced that Sony and Eastman Kodak Company ("Kodak") have entered into a cross license agreement under which Sony and Kodak will each have broad access to the other's patent portfolio. Specific terms of the agreement were not disclosed.
Sony and Kodak have also entered into a settlement agreement resolving certain outstanding patent litigations.
This license and settlement will have no material impact on Sony's consolidated earnings forecast announced on October 19, 2006.
Sony Corporation, headquartered in Tokyo, is a leading manufacturer of audio, video, communications, and information technology products for the consumer and professional markets. Its music, motion picture, television, computer entertainment, and online businesses make Sony one of the most comprehensive entertainment companies in the world. Sony's principal U.S. businesses include Sony Electronics Inc., Sony Pictures Entertainment Inc., Sony Computer Entertainment America Inc., and a 50% interest in Sony BMG Music Entertainment, one of the largest recorded music companies in the world. Sony recorded consolidated annual sales of approximately $64 billion for the fiscal year ended March 31, 2006, and it employs 158,500 people worldwide. For more information visit www.sony.com
SOURCE: Sony Corporation
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