Amazon: Nokia, Amazon reach patent agreement on video technologies

This Amazon tech partnership strengthens Nokia's position in the multimedia space, marking a milestone in its technological legacy, while the Amazon patent deal solidifies both companies' commitment to advancing innovation in the global streaming industry Finnish telecom gear maker Nokia has announced it has entered into a patent agreement with Amazon, allowing the use of Nokia's video technologies in Amazon's streaming services and devices. The deal resolves all patent litigation between the two companies globally. The terms of the agreement, including financial details, remain confidential as per the mutual arrangement between both parties. Arvin Patel, Nokia's Chief Licensing Officer for New Segments , expressed satisfaction with the resolution, stating, "We are pleased to have reached agreement on the use of Nokia's video technologies in Amazon's streaming services and devices." This Nokia Amazon partnership highlights the company's leadership in multimedia and video technologies. Nokia, a global leader in video compression, content delivery, and hardware-related technologies, has made almost 5,000 inventions that continue to shape the evolution of video services worldwide. As part of the Nokia Amazon streaming deal, the agreement will leverage Nokia's extensive portfolio of Amazon streaming patents. Nokia's continued investment in research and development has enabled it to remain at the cutting edge of multimedia innovation. The company has dedicated over €150 billion to R&D since 2000, including more than €4.5 billion in 2024 alone, advancing its cellular and multimedia technologies. This Amazon tech partnership strengthens Nokia's position in the multimedia space, marking another milestone in its long history of technological contributions. The Amazon patent deal solidifies both companies' commitment to driving innovation in the global streaming industry. Also Read: Nokia modernizes VI's optical network to enhance 4G services and support 5G rollout