DIGITIMES reports that Royal Philips Electronics has reduced the patent royalty it charges CMC Magnetics and Ritek on blank CD-RW, DVD-R, DVD+R, DVD-RW and DVD+RW discs.

According to the report, the new licenses are valid from December 31, 2009 to December 30, 2019 and reduce the royalty to $0.01 (US) per disc from $0.035-$0.036 (US).

For more information visit: www.digitimes.com ; www.ritek.com ; www.cmcdisc.com ; www.philips.com