STOCK TITAN

Adeia Enters into Multi-year IP License Renewal with Altimedia

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Adeia Inc. (Nasdaq: ADEA) has announced a multi-year IP license renewal with Altimedia, a provider of solutions for managing advanced media services in the Korean market. Altimedia will have access to Adeia's media IP portfolio to enhance their user experience platform for pay-TV and digital media service providers.
Adeia Inc. (Nasdaq: ADEA) ha annunciato il rinnovo pluriennale della licenza IP con Altimedia, un fornitore di soluzioni per la gestione di servizi media avanzati nel mercato coreano. Altimedia avrà accesso al portfolio di IP media di Adeia per migliorare la loro piattaforma di esperienza utente per i fornitori di servizi di pay-TV e media digitali.
Adeia Inc. (Nasdaq: ADEA) ha anunciado la renovación multianual de su licencia IP con Altimedia, un proveedor de soluciones para la gestión de servicios de medios avanzados en el mercado coreano. Altimedia tendrá acceso al portafolio de IP de medios de Adeia para mejorar su plataforma de experiencia del usuario para proveedores de servicios de televisión de pago y servicios de medios digitales.
Adeia Inc. (나스닥: ADEA)는 한국 시장에서 고급 미디어 서비스 관리 솔루션을 제공하는 Altimedia와 다년간의 IP 라이선스 갱신을 발표했습니다. Altimedia는 유료 TV 및 디지털 미디어 서비스 제공업체를 위한 사용자 경험 플랫폼을 개선하기 위해 Adeia의 미디어 IP 포트폴리오에 접근할 수 있게 됩니다.
Adeia Inc. (Nasdaq : ADEA) a annoncé le renouvellement pluriannuel de la licence IP avec Altimedia, un fournisseur de solutions pour la gestion de services médias avancés sur le marché coréen. Altimedia aura accès au portefeuille IP médias de Adeia pour améliorer leur plateforme d'expérience utilisateur pour les fournisseurs de services de télévision payante et de services médias numériques.
Adeia Inc. (Nasdaq: ADEA) hat die mehrjährige Erneuerung der IP-Lizenz mit Altimedia bekannt gegeben, einem Anbieter von Lösungen für das Management von fortschrittlichen Medienservices auf dem koreanischen Markt. Altimedia wird Zugang zum Medien-IP-Portfolio von Adeia erhalten, um ihre Benutzererfahrungsplattform für Pay-TV- und digitale Medien-Dienstleister zu verbessern.
Positive
  • None.
Negative
  • None.

SAN JOSE, Calif., April 23, 2024 (GLOBE NEWSWIRE) -- Adeia Inc. (Nasdaq: ADEA), a company known for its groundbreaking innovations in entertainment experiences, has announced today that Altimedia, a provider of solutions for managing advanced media services, has signed a multi-year license renewal for access to Adeia’s media intellectual property (IP) portfolio.

Altimedia offers a user experience (UX) platform to pay-TV and digital media service providers in the Korean market. Their platform empowers these providers with cutting-edge technology that enables consumers to navigate various services or applications and access the content they seek. Altimedia is recognized as a leading IPTV-based platform and UX service management provider that delivers the latest advancements in content search and recommendation.

“The user interface plays a critical role in meeting the expectations of sophisticated customers in the Korean market served by Altimedia,” said Dr. Mark Kokes, Adeia's chief licensing officer and general manager, media.

"Adeia’s media IP portfolio encompasses innovations that significantly enhance digital entertainment experiences, revolutionizing how consumers search, record, stream, discover and enjoy entertainment," Kokes stated.

About Adeia

Adeia is a leading R&D and intellectual property (IP) licensing company that accelerates the adoption of innovative technologies in the media and semiconductor industries. Adeia’s fundamental innovations underpin technology solutions that are shaping and elevating the future of digital entertainment and electronics. Adeia’s IP portfolios power the connected devices that touch the lives of millions of people around the world every day as they live, work and play. For more, please visit www.adeia.com.

For Information Contact:
Investor Relations
Chris Chaney
IR@adeia.com

Media Relations
JoAnn Yamani
marketing@adeia.com
+1 408-473-2683


FAQ

What is the latest announcement from Adeia Inc. (Nasdaq: ADEA)?

Adeia Inc. has announced a multi-year IP license renewal with Altimedia, a provider of solutions for managing advanced media services in the Korean market.

Who is Altimedia and what do they offer?

Altimedia is a provider of solutions for managing advanced media services. They offer a user experience platform to pay-TV and digital media service providers in the Korean market.

What does the multi-year license renewal entail?

The multi-year license renewal allows Altimedia access to Adeia's media intellectual property (IP) portfolio to enhance their platform for managing advanced media services in the Korean market.

What role does Adeia's media IP portfolio play in this partnership?

Adeia's media IP portfolio encompasses innovations that significantly enhance digital entertainment experiences, revolutionizing how consumers search, record, stream, discover, and enjoy entertainment.

Who is Dr. Mark Kokes and what is his role in this announcement?

Dr. Mark Kokes is Adeia's chief licensing officer and general manager, media. He mentioned that the user interface plays a critical role in meeting the expectations of customers in the Korean market served by Altimedia.

Adeia Inc.

NASDAQ:ADEA

ADEA Rankings

ADEA Latest News

ADEA Stock Data

1.51B
108.10M
1.08%
99.35%
3.14%
Software - Application
Cable & Other Pay Television Services
Link
United States of America
SAN JOSE