Samsung and Nokia sign video patent licensing deal. Nokia to receive royalty payments

IMAGE: Nokia Headquarters in Finland

Nokia and Samsung have signed a new patent licensing deal, which covers the use of Nokia’s innovations for video standards. Under this agreement, Samsung will pay royalties to Nokia for use of this video standards. Please take note that this is about Nokia and not about HMD Global.

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.”

Other terms and conditions in the agreement remain confidential for the two parties.

Nokia has been working for the video and photography industry for more than 30 years, and has won four Emmy Awards for it for their contribution in Science and Technology. The company have invested over €129 billion in research and development over the last two decades and this includes 20,000 patent families, including the 3,500 patents that are deemed essential to the development of 5G.

Additionally, Nokia licenses their inventions and innovations to other companies on fair, reasonable and non-discriminatory (FRAND) terms, without the need of research and development.

Source: Nokia Newsroom