NOTHING NEW UNDER THE SUN (ALMOST)
11th February, 1908 : Thomas Alva Edison, the prolific American inventor, has settled a long-running dispute over one of his most ingenious devices, the motion picture projector. The inventor of phonograph, the carbon telephone transmitter, the light bulb and a lighter, longer-lasting battery, claimed that some companies producing films were infringing the 1891 patent for his projector, the “Stereo-projecting kinetoscope”. Following a long series of suits and counter-suits, the courts have finally decided to uphold Edison’s complaints, which were backed by major US film-producing companies who say the new patent agreement will put competitors out of business.
[ Putting competitors out of business is the alpha and omega of free trade. ]