Vizio Ends Suit With MPEG-2 License

Law360, New York (November 18, 2008, 12:00 AM EST) -- Consumer electronics producer Vizio Inc. has obtained a license for a portfolio of patents that cover a video compression standard, effectively putting a stop to a pending patent enforcement action brought by a group of technology giants that includes Mitsubishi Electric Corp., Samsung Electronics Co., Sony Corp. and Philips Electronics NV.

The video standard at issue, MPEG-2, is a compression technology that case be used for movies, television or other digital video signals. The compression allows for more efficient storage or transmission of video signals....
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