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Nokia Inks Patent License Agreement with Amazon: Stock to Gain? [Yahoo! Finance]
Last amazon.com, inc. earnings: 4/30 04:01 pm
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It has opted to deploy Nokia's leading-edge video technologies across its streaming services and devices. Nokia's top line is expected to benefit from the deal. However, the financial terms and other contractual details have been kept confidential. Nokia is an industry leader in video and multimedia technology verticals. Its deep expertise in multimedia technologies is built upon solid research and development initiatives supported by investment totaling over 150 million euros in the last 25 years. Its comprehensive portfolio of multimedia tech comprises video compression, content delivery, content recommendation and various other leading-edge technologies. In 2023, Nokia accused Amazon of unauthorized use of its video technology. The lawsuit was filed against Amazon in India, the United States, Germany and the European Unified Patent Court. However, the recently signed deal put an end to all the legal disputes. The new agreement offers Amazon access to Nokia's multimedia technolo
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