Nokia (HE:NOKIA) Corp, the Finnish telecom giant, has filed lawsuits against Amazon.com Inc (NASDAQ:AMZN) and HP Inc (NYSE:HPQ) in five international jurisdictions - the US, India, Germany, Britain, and the EU's patent court. The suits allege that these companies have violated Nokia's patents on video-related technologies used in Amazon's Prime Video service and specific devices.
These patented technologies include video compression, content delivery, content recommendation, and hardware-related components. Arvin Patel, Nokia's Chief Licensing Officer, stated that despite years of extensive discussions with both Amazon and HP, their failure to comply with established rules has led to the current legal confrontations.
Patel emphasized that companies capitalizing on Nokia's research in areas like content delivery for their streaming services owe adequate compensation. While Nokia usually seeks peaceful resolutions in patent disputes, it has demonstrated a readiness to resort to litigation if necessary.
The company also highlighted the anticipated growth in the streaming market, projected to reach $300 billion by 2027. It expressed dissatisfaction over the imbalance between technology innovators and primary beneficiaries.
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