Chinese firms to pay DVD patent fees to 7 makers

Monday, October 7, 2002

Chinese firms to pay DVD patent fees to 7 makers

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About 50 Chinese makers have agreed to pay a total of 1.5 billion yen in patent royalties for DVD players to Toshiba Corp, Hitachi Ltd and five other companies, the Mainichi Shimbun reported Sunday. The agreement represents Beijing's change of its trade policy following its admission to the World Trade Organization late last year, the paper said...