Kodak and Sony are no longer suing each other; instead theyâ€™re embracing each other as partners and sharing – yes, sharing – each otherâ€™s technologies. Thatâ€™s lovely, lads, eh? The spirit of Christmas must have touched them so.
More like good business sense, really. The technology cross-license agreement between Sony and Kodak will allow each company broad access to each otherâ€™s patent portfolio. And one plus one will likely equal more than two in a synergy of resources.
â€œWe are pleased to have reached a mutually beneficial arrangement that advances the interests of the three companies,â€ said Laura G. Quatela, Managing Director, Intellectual Property Transactions, and Vice President, Eastman Kodak Company. The cross-license deal was signed by Kodak with both Sony Corporation and Sony Ericsson.
They chose to bury the hatchet, kiss and make up, and use each otherâ€™s talents instead. Good lads, indeed. Now, if the others can only do the sameâ€¦