Harmonic to pay Avid $6m in patent license deal

Avid Technology, Inc. announced a global patent cross-licensing agreement with Harmonic Inc. — ending its patent infringement litigation against Harmonic “on a mutually acceptable basis without trial.”

Under the terms of the settlement, Harmonic will pay $6 million to Avid.

Avid said the first payment of $2.5 million was made on October 24, 2017 and the remaining $3.5 million will be paid in two installments of $1.5 million and $2.0 million in 2019 and 2020, respectively.