VVC Pool Fostering by MC-IF
MC-IF is inviting those holding patents (or patent applications) potentially essential to the Versatile Video Codec (VVC) standard to participate in an initial meeting of patent owners to foster the formation of a voluntary “patent pool.” MC-IF is taking this step because a patent pool provides greater market certainty on licensing terms, and will encourage earlier market launch and widespread adoption of VVC technology for the benefit of VVC implementers and consumers of VVC-compliant products. Ideally, the initiative will lead to the competitive selection of a commercial pool facilitator that will complete the formation of, and then administer, a single, voluntary pool covering VVC essential patents.
The initial meeting will be held on August / Sept ___ and will be a virtual meeting. Companies that have a well-founded belief that they hold one or more patents essential to the VVC standard, and desire to participate in this patent pool fostering activity, are invited to register at Participant Registration page. This initial meeting will identify tasks and propose a schedule for VVC pool fostering. Ideally the fostering effort will complete its work by the end of 2020 with the selection of the pool facilitator/administrator.
MC-IF is not facilitating or administering a patent pool. Rather, MC-IF is convening patent owners to select a commercial patent pool administrator with the goal of the formation of single pool comprising a critical mass of patent owners.
MC-IF issued a press release on 17 July 2020 announcing its initiative to foster the formation of a VVC patent pool.
MC-IF prepared a set of Frequently Asked Questions explaining the process for fostering a pool covering standard-essential patent, MC-IF’s goal to achieve a single pool and avoid fragmentation in licensing VVC patents, and how MC-IF is structuring the meetings of participants in pool fostering.
For further information, including the draft agenda of the initial meeting, please contact:
MC-IF’s pool fostering convenor, [email protected]
MC-IF President, [email protected]