Target Enters Into MPEG-2 License With MPEG LA

MPEG LA, LLC today announced that Target Corporation has entered into the MPEG-2 Patent Portfolio License offered by MPEG LA. Under the License with MPEG LA, Target will be responsible for paying royalties on its own store branded MPEG-2 products including digital TVs and DVD players sold under the name Trutech®. As a result of this agreement, several companies that license their essential MPEG-2 patents through MPEG LA dismissed a patent enforcement action pending before the U.S. District Court for the Southern District of New York.