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Intel acquires RealNetworks video codec

Intel has acquired the next-generation video codec software developed by RealNetworks and about 190 patents and 170 patents pending for US$120 million (€76 million).

Under terms of the sale, RealNetworks retains certain rights to continue to use the patents in current and future products.

In addition to the sale of the patents and next-generation video codec software, RealNetworks and Intel signed a memorandum of understanding to collaborate on future support and development of the next-generation video codec software and related products.

“As the technology industry evolves towards an experience-centric model, users are demanding more media and graphics capabilities in their computing devices. The acquisition of these foundational media patents, additional patents and video codec software expands Intel’s diverse and extensive portfolio of intellectual property,” said Renée James, Intel senior vice-president and general manager of the Software and Services Group. “We believe this agreement enhances our ability to continue to offer richer experiences and innovative solutions to end users across a wide spectrum of devices, including through Ultrabook devices, smartphones and digital media.”

Tags: Intel, technology