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MPEG-4 Visual Essential Patent Holders Report Substantial Progress Toward a Joint License

http://www.m4if.org/patents/video070301.html

(Denver, Colorado, US - 3 July 2001) - MPEG LA, LLC, which operates as facilitator for an initial group of 19 essential patent holders calling itself the M4VisualPHG, reports that substantial progress was made toward the creation of a joint MPEG-4 Visual (Simple and Core profiles) patent license at the group's meeting in San Jose, California on June 19 and 20. MPEG LAŽ convened the group in December 2000 following an independent patent expert's finding that each of the 19 companies owns one or more patents essential to the international MPEG-4 Visual Standard; a second meeting was held in March 2001. As a result of the group's progress and decision to meet more frequently in order to make known the terms of license for the benefit of the marketplace as soon as possible, the M4VisualPHG hopes to offer a one-stop license providing fair, reasonable, nondiscriminatory worldwide access to this essential intellectual property by January 2002, and is working to complete a license as soon as possible with that as its target. A one-stop license will enable widespread implementation, interoperability and use of this important open standard technology.

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