Consider Kodak both a lover and a fighter, because the company loves to receive royalty payments, and is willing to fight for them in court. Such was the case last month when Kodak made arrangements with LG, who has already cut its first royalty check.
Now it's Samsung's turn, who Kodak accused of infringing on two of its patents. But rather than duke it out in court, the two companies have agreed to cross-license each other's patent portfolios, while Samsung, like LG, will pay royalties to Kodak.
"We are pleased to have reached a mutually beneficial arrangement that advances the interests of Kodak and Samsung and which validates the strength of Kodak's intellectual property portfolio," said Kodak's chief intellectual property officer, Laura G. Quatela.
Financial terms of the settlement were not disclosed.