Adeia Enters into Multi-Year IP License Renewal with LG U+
Adeia (Nasdaq: ADEA) has renewed its intellectual property (IP) license agreement with LG U+, a major South Korean IPTV service provider. The multi-year renewal extends LG U+'s access to Adeia's media portfolio for its products and services.
The renewal strengthens Adeia's position in South Korea's digital entertainment market, with Dr. Mark Kokes, Adeia's chief licensing officer, highlighting the significance of LG U+'s presence in the country's expanding digital entertainment landscape. The agreement reinforces Adeia's role as a key enabler of innovative media technologies in one of the world's most advanced entertainment markets.
Adeia (Nasdaq: ADEA) ha rinnovato il suo accordo di licenza per la proprietà intellettuale (IP) con LG U+, un importante fornitore di servizi IPTV della Corea del Sud. Il rinnovo pluriennale estende l'accesso di LG U+ al portafoglio media di Adeia per i suoi prodotti e servizi.
Il rinnovo rafforza la posizione di Adeia nel mercato dell'intrattenimento digitale della Corea del Sud, con il Dr. Mark Kokes, direttore delle licenze di Adeia, che sottolinea l'importanza della presenza di LG U+ nel crescente panorama dell'intrattenimento digitale del paese. L'accordo consolida il ruolo di Adeia come attore chiave nell'abilitare tecnologie mediatiche innovative in uno dei mercati dell'intrattenimento più avanzati del mondo.
Adeia (Nasdaq: ADEA) ha renovado su acuerdo de licencia de propiedad intelectual (IP) con LG U+, un importante proveedor de servicios IPTV en Corea del Sur. La renovación por varios años extiende el acceso de LG U+ al portafolio de medios de Adeia para sus productos y servicios.
La renovación refuerza la posición de Adeia en el mercado de entretenimiento digital de Corea del Sur, con el Dr. Mark Kokes, director de licencias de Adeia, destacando la importancia de la presencia de LG U+ en el creciente panorama de entretenimiento digital del país. El acuerdo consolida el papel de Adeia como un habilitador clave de tecnologías mediáticas innovadoras en uno de los mercados de entretenimiento más avanzados del mundo.
Adeia (Nasdaq: ADEA)는 한국의 주요 IPTV 서비스 제공업체인 LG U+와의 지적 재산권(IP) 라이센스 계약을 갱신했습니다. 이 다년간의 갱신은 LG U+가 Adeia의 미디어 포트폴리오에 대한 접근을 확대합니다.
이번 갱신은 한국의 디지털 엔터테인먼트 시장에서 Adeia의 입지를 강화하며, Adeia의 최고 라이센스 책임자인 Dr. Mark Kokes는 LG U+의 존재가 국가의 확장하는 디지털 엔터테인먼트 환경에서 얼마나 중요한지를 강조했습니다. 이 계약은 세계에서 가장 발전된 엔터테인먼트 시장 중 하나에서 혁신적인 미디어 기술의 주요 촉진자로서 Adeia의 역할을 강화합니다.
Adeia (Nasdaq: ADEA) a renouvelé son accord de licence de propriété intellectuelle (PI) avec LG U+, un important fournisseur de services IPTV en Corée du Sud. Ce renouvellement pluriannuel étend l'accès de LG U+ au portefeuille médiatique d'Adeia pour ses produits et services.
Le renouvellement renforce la position d'Adeia sur le marché de l'entertainment numérique en Corée du Sud, avec le Dr. Mark Kokes, directeur des licences d'Adeia, soulignant l'importance de la présence de LG U+ dans le paysage en pleine expansion de l'entertainment numérique du pays. L'accord consolide le rôle d'Adeia en tant qu'acteur clé dans la facilitation des technologies médiatiques innovantes dans l'un des marchés de divertissement les plus avancés au monde.
Adeia (Nasdaq: ADEA) hat seine Lizenzvereinbarung für geistiges Eigentum (IP) mit LG U+, einem großen IPTV-Dienstanbieter in Südkorea, erneuert. Die mehrjährige Verlängerung erweitert den Zugriff von LG U+ auf Adeias Medienportfolio für seine Produkte und Dienstleistungen.
Die Verlängerung stärkt die Position von Adeia auf dem digitalen Unterhaltungsmarkt Südkoreas, wobei Dr. Mark Kokes, der Chief Licensing Officer von Adeia, die Bedeutung der Präsenz von LG U+ im wachsenden digitalen Unterhaltungsumfeld des Landes hervorhebt. Die Vereinbarung festigt Adeias Rolle als Schlüsselakteur bei der Ermöglichung innovativer Medientechnologien in einem der fortschrittlichsten Unterhaltungsmärkte der Welt.
- Secured multi-year IP license renewal with major South Korean IPTV provider
- Maintains revenue stream from LG U+ licensing agreement
- Strengthens market position in South Korea's entertainment sector
- None.
Insights
The multi-year IP license renewal with LG U+ carries strategic significance beyond its immediate revenue implications. South Korea, with its 94% broadband penetration rate and advanced digital infrastructure, represents one of the world's most sophisticated IPTV markets. LG U+, as the country's third-largest telecom operator, serves millions of subscribers, making this renewal a important validation of Adeia's IP portfolio value.
The agreement's renewal characteristics are particularly noteworthy from an investor perspective. IP licensing generates high-margin, recurring revenue streams with minimal operational costs, typically contributing to stronger EBITDA margins compared to product-based business models. For Adeia, whose business model centers on IP monetization, such renewals are fundamental to maintaining predictable revenue patterns and reducing business volatility.
The timing of this renewal also coincides with the ongoing evolution of IPTV technologies, including the transition to advanced video codecs and interactive features. By securing this extension, Adeia maintains its foothold in a market that often serves as a technological bellwether for global IPTV trends. The renewal suggests that Adeia's IP portfolio remains relevant despite rapid technological changes in the digital entertainment landscape.
While financial terms remain undisclosed, the multi-year nature of the agreement provides revenue visibility and stability - important factors for companies in the IP licensing space. This renewal also strengthens Adeia's position for future negotiations with other Asian operators, as LG U+'s continued commitment can influence regional licensing dynamics.
SAN JOSE, Calif., Feb. 13, 2025 (GLOBE NEWSWIRE) -- Adeia Inc. (Nasdaq: ADEA), the technology company whose patented innovations enhance billions of devices and shape the way the world explores and experiences entertainment, today announced it has renewed its intellectual property (IP) license agreement with LG U+, one of South Korea's leading IPTV service providers. The multi-year license renewal extends LG U+'s access to Adeia's media portfolio for its products and services.
"LG U+ represents a significant presence in South Korea's robust and expanding digital entertainment landscape," said Dr. Mark Kokes, Adeia's chief licensing officer and general manager, media. "This renewal underscores the continued importance and relevance of our media portfolio in the dynamic IPTV market."
The renewed agreement highlights the ongoing partnership between Adeia and LG U+, further solidifying Adeia's role as a critical enabler of innovative media technologies in one of the world's most advanced entertainment markets.
About Adeia
Adeia is a leading technology 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
press@adeia.com
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