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 Home > News > Optical Storage > Philips...
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Tuesday, September 17, 2002
Philips signs memorandum of understanding with China audio industry association!

After a long period of intense negotiations, agreement has been reached about the licensing conditions for Chinese DVD manufacturers for sale of DVD players both in and outside China.

A Memorandum of Understanding has been signed between Koninklijke Philips Electronics N.V., on behalf of the so-called 3C (Philips, Sony and Pioneer), and the China Audio Industries Association (CAIA), which is also signed on behalf of the China Chamber of Commerce for Import & Export of Machinery & Electronic Products (CCCME).

This Memorandum of Understanding shall be the basis for license agreements to be signed with individual DVD player manufacturers in China.

For more information click upon the 'Source' link!

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