Apple announced today that it wont accept the proposed licensing terms for MPEG-4 technology, giving a major setback to technology and its joint licensing efforts.
MPEG LA proposed a new licensing model for MPEG-4 technology two weeks ago and it caused an immediate wave of anger from content providers and technology companies. Most controversial part of the proposed licensing model is the per-minute licensing fee companies would have to pay for patent owners (who are willing to license all related MPEG-4 technology patents under MPEG LA's supervision).
Apple says that it has a new QuickTime version ready that is based on MPEG-4, but it wont release the product if the licensing model doesn't change.
Apple says that it has a new QuickTime version ready that is based on MPEG-4, but it wont release the product if the licensing model doesn't change.
