Microsoft and Funai Electric Co. announced Wednesday that they have agreed to a cross-licensing agreement in which the companies will have access to each other's patent portfolios, in order to "further the development of each company's current and future products."
"Consumers want TVs to offer experiences that were once available primarily on personal computers. A patent license like this one allows two industry leaders to deliver the type of cutting-edge innovations that today's consumers demand," David Kaefer, general manager of Intellectual Property (IP) Licensing for Microsoft, said in a statement. "Our patent portfolio reflects the innovation that results from the billions of dollars of R&D Microsoft invests each year, and we are pleased to share access with an established leader such as Funai."
Funai makes LCD TVs under such brands as Philips, Emerson Magnavox and Sylvania.