Earlier this year Dutch electronics company Phillips, filed a lawsuit against Nintendo for what they felt was a patent infringement related to their patent on “Virtual Body Control Device” as well as “User Interface System Based on Pointing Device.

Initially Phillips was asking for not only monetary compensation but also a ban on selling the Wii and Wii U.

Then in June in the UK High courts, Phillips won an early victory with Nintendo set to appeal.

Now today we learn that the two companies have now reached an agreement with Nintendo releasing this statement:

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Nintendo today announced that it has entered into a global patent license agreement with Royal Philips (NYSE:PHG, AEX: PHIA). As part of the agreement, Nintendo and Philips will cross license portions of each company’s patent portfolio. This agreement ends patent invalidity proceedings brought against Philips by Nintendo in multiple countries, as well as patent infringement proceedings brought by Philips against Nintendo.
“We are pleased to have reached agreement with Philips, as it demonstrates that both companies recognize the importance of intellectual property rights,” said Martina Franke, European General Counsel of Nintendo of Europe. “Nintendo has a substantial IP portfolio and a long history of developing innovative products while respecting valid intellectual property rights of others.”
Financial details and other terms of the license agreement will not be disclosed.

 

http://nintendoeverything.com/nintendo-and-phillips-sign-a-global-patent-license-agreement/

NO!!!!!!!!!!!!!!! NOT ANOTHER PHILIPS ZELDA!!!!!!!!!!!!

CD-i 2 confirmed?

So, Nintendo eyed the possibility they might lose the appeal case, and decided to settle out of court?

That's usually not like them, but Phillips aren't newcomers to this game. They fought dirty to become the electronics giant they were before Samsung wiped them off the map.

This "patent portfolio cross licensing agreement" is very unlikely to include Mario and Zelda, though.

It's probably all corporate spin on the fact that Nintendo had to acknowledge some of Phillips' patents as well as their lawyers as strong enough to be a threat, unless deals were made.

The patent system seems broken...

I doubt this has anything to do with game IP's. Rather it has to do with various basic hardware patents.

Here we go again!

So now Phillips can use Nintendo's game hardware patents to make a CD-i 2 and Nintendo can use Phillips' healthcare patents for their QoL cloud sleep monitor.. thing? Everybody wins!

System of the century confirmed!

I can already see it:

"GTA VI is CD-i2 exclusive " "CD-i2 sells 3 million in it's first 3 days" "Last CD-i2 console sold, totaling sales at 524 million"

In fact here are my sales predictions:

I've never worked so hard on a joke post. I shouldn't have done this. Oh well, too late :/

I'll give you a cookie if you spot all the references :P