Samsung to access Nokia’s video standards innovations in mutual agreement
Samsung will be able to access Nokia’s video standards innovations after the pair reached a licensing agreement.
Under the agreement, Samsung will make undisclosed royalty payments to Nokia in return for access to the Finnish giant’s video standards patents, whilst the terms of the agreement remain confidential between the parties.
Jenni Lukander, President of Nokia Technologies, said: “We are delighted to have reached an agreement with Samsung which further validates Nokia’s decades-long investments to R&D and contributions to multimedia and video technology standards.”
Investment in video standards innovations
Nokia has invested more than $154 billion in R&D over the past two decades and built a portfolio of over 20,000 patent families (of which, around 3,500 patent families are considered essential to 5G.)
Over the course of more than 30 years, Nokia has contributed significantly to multimedia and video research and the development of industry standards. The work of Nokia’s engineers in the field of video research and standardization has been recognized with numerous international awards, including four Technology & Engineering Emmy® Awards.
The Finnish multinational telco says it contributes its inventions to open standards in return for the right to license them on fair, reasonable, and non-discriminatory (FRAND) terms.
Move the consumer experience to the next level
In January, Nokia’s Media Technologies Research division received the corporate’s fourth Technology and Engineering Emmy award. The division performed a significant position within the growth of ISO Base Media File Format, which can also be a part of the MPEG-4 normal.
“We are proud that our work in the field of video research and standardization has been recognized with an Emmy Award for the fourth time,” Ville-Veikko Mattila, Head of Merdia Technologies Research at Nokia Technologies said.
Samsung itself is certainly no slouch in patents. Last month, a patent essentiality study conducted by Berlin-based market intelligence firm IPlytics ranked the South Korean technology giant first in 5G Standard Essential Patent (SEP) shares.
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The video innovations seen in 2020, such as low latency for all OTT delivery formats, VR, multiview, super-resolution, and 5G, will be the key to move the consumer experience to the next level. If properly leveraged, they will provide end-users with the memorable experiences they crave in 2021.
Due to global stay-at-home orders, streaming and content consumption is at an all-time high, having Nielsen’s studies reporting a 60 percent increase in global video consumption in 2020.