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Kodak, Sony Enter Patent Cross License

New York — Two heavyweight imaging rivals decided to bury the legal hatchet today as Kodak and Sony announced a patent cross-licensing agreement.

The deal was described by Kodak in a statement as “broad” and will give both companies access to the other’s patents. Kodak concluded a similar deal with Sony Ericsson.

The license agreements are royalty bearing to Kodak. Additional financial terms were not disclosed.

The deal brings to a close a lawsuit filed by Kodak against Sony in May 2004 alleging that Sony had infringed on 10 imaging-related patents.