Adeia Renews IP License Agreement with Japan’s Bandai Namco Filmworks

Rhea-AI Summary

Adeia Inc. announces the renewal of its licensing agreement with Bandai Namco Filmworks for its media intellectual property portfolio. Bandai Namco Filmworks is a global leader in VOD anime content and holds a strong market position in the Japanese SVOD market. Japanese OTT video segment revenues are projected to reach $9.75 billion in 2023.

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• Bandai Namco Filmworks renews licensing agreement with Adeia Inc. for its media intellectual property portfolio. This partnership will allow Bandai Namco Filmworks to continue delivering new anime titles and a vast library of content to its subscribers, enhancing customer engagement and user experiences.

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SAN JOSE, Calif., June 01, 2023 (GLOBE NEWSWIRE) -- Adeia Inc. (Nasdaq: ADEA), the company whose patented innovations shape the way the world explores and experiences entertainment, today announced that Bandai Namco Filmworks, a global leader in the creation and distribution of VOD (video on demand) animé content, has renewed its licensing agreement for Adeia's media intellectual property (IP) portfolio.

Bandai Namco Filmworks is a storied creator of animated videos that are extremely popular in Japan and globally. With over 2,500 series, Bandai Namco Filmworks holds a robust market position in the Japanese SVOD (subscription video on demand) market with properties that include Gundam, LoveLive!, That Time I Got Reincarnated as a Slime, BLUELOCK, and CODE GEASS, to name just a few of its blockbuster titles.

Japanese OTT (over-the-top) video segment revenues are projected to reach US $9.75 billion in 2023 with a user penetration rate that will grow from 67.5% in 2023 to 76.8% by 2027, according to the latest research from Statista. The Japanese paid streaming video market, with a 19% churn rate according to Statista, is highly competitive and features a sophisticated subscriber base that demands high-quality content and seamless user experiences.

"This agreement supports Bandai Namco Filmworks' ability to serve its subscriber base with new animé titles and an immense library of animé content. Adeia's IP underpins Bandai Namco Filmworks' efforts to deliver tailored user experiences by providing advanced content search, personalized recommendations and analytical features to elevate customer engagement," said Dr. Mark Kokes, Adeia's chief licensing officer and general manager of media.

Adeia has spent decades investing in advanced research and development to create market-leading technologies for the media and entertainment industry. Adeia's innovative solutions touch practically every aspect of consumers' day-to-day interaction with their entertainment, enabling Adeia's customers to build customized, next-generation digital entertainment solutions for users around the globe.

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
Stephanie Stocker
Conveyor Marketing
marketing@adeia.com  

FAQ

What is the agreement between Adeia Inc. and Bandai Namco Filmworks?

The agreement is a renewal of the licensing agreement for Adeia's media intellectual property portfolio, allowing Bandai Namco Filmworks to continue using Adeia's IP for its anime content.

What is the market position of Bandai Namco Filmworks in the Japanese SVOD market?

Bandai Namco Filmworks holds a robust market position in the Japanese SVOD market with over 2,500 series and popular titles like Gundam, LoveLive!, That Time I Got Reincarnated as a Slime, BLUELOCK, and CODE GEASS.

What are the projected revenues for the Japanese OTT video segment?

The projected revenues for the Japanese OTT video segment in 2023 are $9.75 billion.