RIM to Pay Dolby Royalties to End Lawsuits Over Audio Patents
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Research In Motion Ltd., maker of the BlackBerry smartphone and Playbook tablet computer, agreed to pay patent royalties to Dolby Laboratories Inc. to end a legal battle over technology to improve audio quality.
RIM will pay “standard terms,” San Francisco-based Dolby said in a statement today, settling patent-infringement lawsuits filed in June in the U.S. and Germany. While financial terms weren’t disclosed, Dolby told analysts on a conference call last month it was counting on $15 million in back royalties from RIM in the fiscal fourth quarter, as well as interest income.