Kodak settles patent suit with Matsushita

Under the settlement, the companies are cross-licensing each others' patents, and Matsushita is paying royalties, Eastman Kodak says.

Eastman Kodak will receive royalties from Matsushita Electric Industrial through a settlement of a July patent infringement suit, according to a regulatory filing Thursday.

On December 21, Kodak settled suits with Matsushita, better known in the United States by its Panasonic brand, and with a Matsushita subsidiary, Victor Company of Japan (JVC).

Under terms of the settlements, the companies signed cross-licensing agreements granting each company access to the others' patents, Kodak said in the filing with the U.S. Securities and Exchange Commission. Both settlements are "royalty-bearing to Kodak," the company said.

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