Nokia, Amazon End Patent Dispute With Major Licensing Pact for Streaming Innovation - Nokia (NYSE:NOK), Amazon.com (NASDAQ:AMZN)
- Nokia and Amazon reached an agreement, announced on Monday, March 31, 2025, resolving a patent dispute over Nokia's video technologies used in Amazon's streaming services and devices.
- The patent dispute arose from Nokia's claim that Amazon was using its video technologies without authorization, while Amazon countered that Nokia was misusing its standard-essential patents and not offering fair licenses.
- The agreement settles litigation across multiple continents, including suits filed by Nokia in the US, India, the UK, Germany, and the European Unified Patent Court in November 2023, along with an Amazon countersuit in the US.
- Arvin Patel, Chief Licensing Officer New Segments at Nokia, welcomed the agreement, stating, "We are pleased to have reached agreement on the use of Nokia's video technologies in Amazon's streaming services and devices," but Amazon has not yet commented, and Nokia's shares traded lower by 0.77% at $5.17 in premarket trading.
- The agreement grants Amazon access to Nokia's patented video technologies for its streaming services and devices, aiming to enhance efficiency and optimize content delivery, but the financial and contractual terms remain confidential by mutual agreement.
33 Articles
33 Articles
Nokia, Amazon End Patent Dispute With Major Licensing Pact for Streaming Innovation - Nokia (NYSE:NOK), Amazon.com (NASDAQ:AMZN)
Nokia Corp. (NYSE:NOK) has reached a patent licensing agreement with Amazon.com Inc. (NASDAQ:AMZN), granting the e-commerce giant access to Nokia’s video technologies for its streaming services and devices. The agreement revealed on Monday settles all outstanding patent disputes between the two firms in multiple regions. The financial and contractual details of the agreement have been kept confidential, as mutually agreed upon by both parties; t…
Coverage Details
Bias Distribution
- 60% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage