Dolby Laboratories Reinforces Licensing Business with Acquisition of GE Licensing
Dolby Laboratories announced that it has entered into a definitive agreement to acquire GE Licensing, which owns, maintains, and licenses an extensive portfolio of intellectual property (IP), primarily targeting the consumer digital media and electronics sectors. GE Licensing is responsible for more than 5,000 patents, including important digital media technologies such as the HEVC (High Efficiency Video Coding) and VVC (Versatile Video Coding) video and audio encoding technologies.
