
SAN FRANCISCO—Dolby Laboratories has inked a definitive agreement to acquire GE Licensing, owner of a large portfolio of intellectual property related to consumer digital media and electronics, the company said today.
Among GE Licensing’s 5,000 patents are foundational patents in video compression. The acquisition will extend Dolby’s licensing business and complement its media patent holdings by adding GE Licensing’s portfolio of video codec technology, including patents related to High Efficiency Video Coding (HEVC) and Versatile Video Coding (VVC).