Adeia Initiates Patent Infringement Litigation Against Disney
Adeia Inc. (ADEA) has initiated multiple patent infringement lawsuits against The Walt Disney Company and its subsidiaries, including Hulu and ESPN. The litigation includes one lawsuit in Delaware and three in Europe, alleging infringement of nine patents from Adeia's media IP portfolio - six in the US and three in Europe. The patents concern media streaming and content delivery technology. CEO Paul E. Davis stated that while the company prefers mutual resolution, they were compelled to defend their intellectual property from Disney's unauthorized use. Adeia's IP portfolio includes over 11,750 worldwide patent assets and is licensed across media and semiconductor industries.
Adeia Inc. (ADEA) ha avviato diverse cause per violazione di brevetti contro The Walt Disney Company e le sue filiali, inclusi Hulu ed ESPN. Il contenzioso comprende una causa in Delaware e tre in Europa, accusando la violazione di nove brevetti dal portafoglio IP media di Adeia - sei negli Stati Uniti e tre in Europa. I brevetti riguardano la tecnologia di streaming media e distribuzione dei contenuti. Il CEO Paul E. Davis ha dichiarato che, sebbene l'azienda preferisca una risoluzione reciproca, si sono sentiti costretti a difendere la propria proprietà intellettuale dall'uso non autorizzato da parte di Disney. Il portafoglio IP di Adeia include oltre 11.750 beni brevettuali in tutto il mondo ed è concesso in licenza nell'industria dei media e dei semiconduttori.
Adeia Inc. (ADEA) ha iniciado múltiples demandas por infracción de patentes contra The Walt Disney Company y sus subsidiarias, incluyendo Hulu y ESPN. El litigio incluye una demanda en Delaware y tres en Europa, alegando la infracción de nueve patentes del portafolio de IP media de Adeia: seis en los EE. UU. y tres en Europa. Las patentes se refieren a la tecnología de streaming de medios y entrega de contenido. El CEO Paul E. Davis declaró que, aunque la empresa prefiere una resolución mutua, se vio obligado a defender su propiedad intelectual del uso no autorizado por parte de Disney. El portafolio de IP de Adeia incluye más de 11,750 activos de patentes en todo el mundo y está licenciado en las industrias de medios y semiconductores.
Adeia Inc. (ADEA)는 The Walt Disney Company와 그 자회사인 Hulu 및 ESPN에 대해 여러 건의 특허 침해 소송을 시작했습니다. 이 소송은 델라웨어에서 한 건, 유럽에서 세 건으로 구성되어 있으며, Adeia의 미디어 IP 포트폴리오에서 아홉 개의 특허 침해를 주장하고 있습니다. 이 중 미국에서 여섯 개, 유럽에서 세 개의 특허를 주장합니다. 특허는 미디어 스트리밍 및 콘텐츠 전달 기술과 관련이 있습니다. CEO Paul E. Davis는 회사가 상호 해결을 선호하지만, Disney의 무단 사용으로부터 지적 재산을 방어해야 한다고 느꼈다고 밝혔습니다. Adeia의 IP 포트폴리오는 전 세계적으로 11,750개 이상의 특허 자산을 포함하고 있으며, 미디어 및 반도체 산업에 걸쳐 라이센스가 부여되고 있습니다.
Adeia Inc. (ADEA) a engagé plusieurs poursuites pour violation de brevets contre The Walt Disney Company et ses filiales, y compris Hulu et ESPN. Le contentieux comprend une action en Delaware et trois en Europe, allégant la violation de neuf brevets du portefeuille de propriété intellectuelle média d'Adeia - six aux États-Unis et trois en Europe. Les brevets concernent la technologie de diffusion de médias et de livraison de contenu. Le PDG Paul E. Davis a déclaré que, bien que la société préfère une résolution mutuelle, elle s'est vue contrainte de défendre sa propriété intellectuelle contre l'utilisation non autorisée de Disney. Le portefeuille de propriété intellectuelle d'Adeia comprend plus de 11 750 actifs de brevets dans le monde et est sous licence dans les secteurs des médias et des semi-conducteurs.
Adeia Inc. (ADEA) hat gegen The Walt Disney Company und deren Tochtergesellschaften, einschließlich Hulu und ESPN, mehrere Patentverletzungsklagen eingereicht. Der Rechtsstreit umfasst eine Klage in Delaware und drei in Europa und behauptet, dass neun Patente aus Adeias Medien-IP-Portfolio - sechs in den USA und drei in Europa - verletzt wurden. Die Patente betreffen die Technologie für Medien-Streaming und Inhaltsbereitstellung. CEO Paul E. Davis erklärte, dass das Unternehmen zwar eine einvernehmliche Lösung bevorzugt, sie jedoch gezwungen waren, ihr geistiges Eigentum gegen die unbefugte Nutzung durch Disney zu verteidigen. Adeias IP-Portfolio umfasst weltweit über 11.750 Patentbestände und ist in den Medien- und Halbleiterindustrien lizenziert.
- Company owns substantial IP portfolio with 11,750 worldwide patent assets
- Legal action could potentially lead to licensing revenue from Disney
- Litigation costs could impact financial resources
- Uncertain outcome of legal proceedings
- Risk of prolonged legal battle with a major
Insights
SAN JOSE, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Adeia Inc. (Nasdaq: ADEA) (the “Company” or “Adeia”) announced today that it has filed multiple patent infringement lawsuits in the United States and Europe against The Walt Disney Company and certain of its subsidiaries, including Hulu and ESPN. The Company filed one lawsuit in the U.S. District Court for the District of Delaware and three lawsuits in Europe, including two in the Unified Patent Court and one in Germany.
“We always prefer to reach a mutually agreeable resolution without litigation as we have done with the vast majority of our customers, however we were left with no choice but to defend our intellectual property from Disney’s unauthorized use,” said Paul E. Davis, chief executive officer of Adeia. “We strongly believe these actions are in the best interests of the Company, our shareholders and our customers. While we remain willing to negotiate a resolution that fairly compensates Adeia for our valuable intellectual property, we are also fully prepared to proceed through the entirety of the legal process to protect our rights, and we remain confident in our ability to achieve a positive outcome.”
In its filings today, Adeia alleges the Disney defendants infringe nine patents from Adeia's media intellectual property (IP) portfolio – six patents in the United States and three in Europe. The patents at issue relate to various aspects of media streaming and content delivery technology.
Over the past four decades, Adeia and its predecessor companies have continuously invested in research and development, resulting in one of the world’s largest IP portfolios comprised of more than 11,750 worldwide patent assets. Today, Adeia’s IP is broadly licensed across the media and semiconductor industries.
About Adeia Inc.
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 inventions power connected devices and services 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.
Safe Harbor Statement
This press release contains “forward-looking statements” within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on information available to the Company as of the date hereof, as well as the Company’s current expectations, assumptions, estimates and projections that involve risks and uncertainties. In this context, forward-looking statements often address expected future business, financial performance and financial condition, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “could,” “seek,” “see,” “will,” “may,” “would,” “might,” “potentially,” “estimate,” “continue,” “target,” similar expressions or the negatives of these words or other comparable terminology that convey uncertainty of future events or outcomes. All forward-looking statements by their nature address matters that involve risks and uncertainties, many of which are beyond the Company’s control, and are not guarantees of future results. Forward-looking statements are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statements. Accordingly, there are or will be important factors that could cause actual results to differ materially from those indicated in such statements and, therefore, you should not place undue reliance on any such statements and caution must be exercised in relying on forward-looking statements. Important risk factors that may cause such a difference include, but are not limited to: the Company’s ability to implement its business strategy; the Company’s ability to enter into new and renewal license agreements with customers on favorable terms; the Company’s ability to retain and hire key personnel; uncertainty as to the long-term value of the Company’s common stock; legislative, regulatory and economic developments affecting the Company’s business; general economic and market developments and conditions; the Company’s ability to grow and expand its patent portfolios; changes in technology and development of new technology in the industries in which in which the Company operates; the evolving legal, regulatory and tax regimes under which the Company operates; unforeseen liabilities and expenses; risks associated with the Company’s indebtedness; the Company’s ability to achieve the intended benefits of, and its ability to recognize the anticipated tax treatment of, the spin-off of its product business; unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism or outbreak of war or hostilities, natural disasters and future outbreaks or pandemics, each of which may have an adverse impact on the Company’s business, results of operations, and financial condition. These risks, as well as other risks associated with the Company’s business, are more fully discussed in the Company’s filings with the U.S. Securities and Exchange Commission (“SEC”), including the Company’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. While the list of factors presented here is, and the list of factors presented in the Company’s filings with the SEC are, considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements.
Causes of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, failure to complete licensing arrangements on anticipated terms and timeline, failure to prevail in litigation we may bring against third parties, financial loss, legal liability to third parties and similar risks, any of which could have a material adverse effect on the Company’s consolidated financial condition, results of operations, liquidity or trading price of common stock. The Company does not assume any obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws.
Investor Contact:
Chris Chaney
Vice President, Investor Relations
IR@adeia.com
Media Contact
JoAnn Yamani
Vice President, Marketing & Communications
Press@adeia.com
FAQ
How many patents does Adeia (ADEA) claim Disney has infringed?
Where has Adeia (ADEA) filed the patent infringement lawsuits against Disney?
What technology is involved in Adeia's (ADEA) patent dispute with Disney?
How large is Adeia's (ADEA) patent portfolio?
