DVD6C PATENT LICENSING / News
DVD6C Licensing Group
(Authorized Licensor: Toshiba Corporation)
Toshiba Corporation, the authorized licensor for DVD6C, wins arbitration awarding royalties, interest and legal fees/costs due from DVD6C patent licensee National Film Laboratories, Inc. d/b/a Crest Digital (USA).
October 26, 2012—The DVD6C Licensing Group ("DVD6C")—consisting of nine leading developers of DVD technology-has won an arbitration awarding it royalties, interest and legal fees/costs due from licensee National Film Laboratories, Inc. d/b/a Crest Digital (USA). On October 23, 2012, an Arbitral Tribunal issued a final award in favor of Toshiba for unpaid royalties and prejudgment interest totaling in excess of $2.3 million, as well as post-award interest on that amount at the contractual rate of 2% per month until paid in full. Toshiba was also awarded costs and attorneys' fees totaling over $300,000, as well as post-award interest on that amount at the New York statutory rate of 9% per year until paid in full. This action is part of a continuing global initiative by DVD6C to enforce the DVD6C Patent License Agreement.