Access Advance Announces Newest VVC Advance Licensors and Licensees
Also Extends Early Licensor Signing Incentive through December 31, 2023
BOSTON – October 16, 2023 – Access Advance today announced that ByteDance, Tencent, NTT, and NTT Docomo, all significant VVC patent owners, have joined the VVC Advance Patent Pool as Licensors. These additions bring the total number of Licensors to thirty-eight (38), estimated to represent ~45-50% of all VVC world-wide standard essential patents. Access Advance further announced that Alibaba, Kuaishou, ByteDance, and Tencent have joined the VVC Advance Patent Pool as Licensees.
Also announced was the reinstatement and extension of the bonus patent point incentive program for any VVC standard essential patent (SEP) patent owner that joins on or before December 31, 2023. Prospective VVC SEP patent owners may also lock-in the patent point incentive program by executing a Letter of Agreement that they will become a VVC Advance Licensor promptly after issuance or acquisition of their first VVC SEP.
According to Pete Moller, CEO of Access Advance, “We are extremely pleased to welcome these important new Licensors and Licensees to our VVC program. Each is an important company that can help drive adoption of VVC, with all the benefits this new video technology brings to consumers. We are also pleased that our VVC Licensors have given us the opportunity to extend the bonus patent point incentive through year-end. The incentive lasts for the life of the patents and is transferable with the patents. The extra revenue this incentive represents over the life of a patent will be significant. We hope that other patent owners will take advantage of this opportunity.”
About Access Advance:
Access Advance LLC is an independent licensing administrator company formed to lead the development, administration, and management of patent pools for licensing essential patents of the most important standards-based video codec technologies. Access Advance provides a transparent and efficient licensing mechanism for both patent owners and patent implementers. Access Advance currently manages and administers the HEVC Advance Patent Pool for licensing patents essential to H.265/HEVC technology, and the separate and independent VVC Advance Patent Pool for licensing essential patents to VVC/H.266 technology. The HEVC Advance Patent Pool and the VVC Advance Patent Pool are elements of the Access Advance Video Codec Platform Initiative that seamlessly incorporates HEVC and VVC technologies into a single discounted royalty rate structure through the Multi-Codec Bridging Agreement for eligible Licensees whose products include both HEVC and VVC codecs. This innovation responds to the market’s desire for an even more efficient next-generation pool licensing structure. For more information, please visit www.accessadvance.com.
|
Related News
- Access Advance Announces Major Additions to its HEVC and VVC Patent Pools
- Sharp, Motorola Mobility, and Kyocera Join Access Advance's HEVC Advance Patent Pool as Licensees
- Access Advance Announces the Initial Group of VVC/H.266 Video Patent Pool Licensors
- HEVC Advance Highlights Momentum with Newest Licensors and Licensees
- Access Advance VVC Patent Pool Momentum Grows
Breaking News
- 2025 RISC-V CON: Andes Technology Celebrates 20 Years, Bringing Together Innovators, Engineers, and Ecosystem Leaders
- Continuous-Variable Quantum Key Distribution (CV-QKD) system demonstration
- HCLTech joins Samsung Advanced Foundry Ecosystem as a Design Solution Partner
- Frontgrade Gaisler and wolfSSL Collaborate to Enhance Cybersecurity in Space Applications
- Matrox Video and intoPIX Expand Interoperable IPMX & ST 2110 Solutions with JPEG XS Innovation at NAB 2025
Most Popular
- Alphawave IP Response to announcement from Qualcomm
- Qualcomm considers buying Alphawave Semi
- BrainChip Partners with RTX's Raytheon for AFRL Radar Contract
- GUC Announces Tape-Out of the World's First HBM4 IP on TSMC N3P
- Frontgrade Gaisler Launches New GRAIN Line and Wins SNSA Contract to Commercialize First Energy-Efficient Neuromorphic AI for Space Applications
![]() |
E-mail This Article | ![]() |
![]() |
Printer-Friendly Page |