Kodak and Sony End Patent Fight

Tags: Monopoly and Competition

01/03/2007 Mises Wire Stephan Kinsella

NEW YORK - Eastman Kodak Co. on Wednesday said it signed a licensing pact with Sony Corp. that settles a dispute over digital camera and imaging technology patents, and grants each company access to the other’s patents.

Wow—they cross-licensed each others’ patents to each others, after millions spent acquiring the patents and suing each other! What a boon for the economy! (Where “economy” means “lawyers,” of course.)

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