Redmond, Wash., USA and Osaka, Japan - April 27, 2016 - On Wednesday, Microsoft Corp. and Funai Electric Co. Ltd. announced they are strengthening their successful partnership with the renewal of a patent cross-licensing agreement covering a range of consumer audio-video products. Funai Electric is a worldwide leading manufacturer under FUNAI and other multiple brands including Philips, Magnavox, DX Broadtec, Emerson, Sanyo and Kodak. This patent agreement is another example of the important role IP plays in ensuring a healthy and vibrant technology ecosystem. Since Microsoft launched its IP licensing program in December 2003, it has entered into more than 1,200 licensing agreements, increasing collaboration and innovation across a range of industries.