“We are very pleased to work with Xiaomi’s highly professional and dedicated IP team to reach this agreement,” said Joe Siino, President of Via. “Xiaomi recognized the value in our AAC patent pool and was instrumental in helping Via adjust for unique dynamics in China and other emerging markets in fair and reasonable ways.”
“Via has demonstrated that the AAC licensing model can fairly and efficiently address unique market circumstances, like those in China,” said Xiang Wang, Senior Vice President at Xiaomi. “Joining over 800 other AAC licensees shows Xiaomi’s commitment to bringing the best user experience to our customers. This agreement helps ensure that our customers will continue to enjoy extremely high-quality audio in markets around the world.” source (gadget-time.com)
By signing this partnership, Xiaomi takes an important step toward US market. CES 2017 opens tomorrow and will definitely talk about this partnership.
Via Licensing Corporation is a wholly-owned subsidiary of Dolby Laboratories, Inc., a company with more than 50 years of experience in innovation and technology licensing. Via is dedicated to the development and administration of licensing programs for mandated, de facto, and emerging standards on behalf of innovative technology companies in the audio, broadcast, wireless, and automotive markets. For more information about Via, please visit via-corp.com.