Adeia Renews Multi-Year IP License Agreement with Roku
Adeia (Nasdaq: ADEA) has announced the renewal of its intellectual property (IP) license agreement with Roku, the leading TV streaming platform in the U.S. The multi-year renewal ensures Roku's continued access to Adeia's media IP portfolio for its products and services.
Dr. Mark Kokes, Adeia's chief licensing officer and general manager of media, emphasized the agreement's significance in demonstrating the ongoing relevance of their technology in the streaming video sector. Adeia's advanced media technologies and IP contribute to enhancing consumer experiences in digital entertainment, as the company continues to drive innovation and deliver solutions for the industry.
Adeia (Nasdaq: ADEA) ha annunciato il rinnovo del suo contratto di licenza sulla proprietà intellettuale (IP) con Roku, la principale piattaforma di streaming TV negli Stati Uniti. Il rinnovo pluriennale garantisce a Roku un accesso continuo al portafoglio IP di media di Adeia per i suoi prodotti e servizi.
Il Dr. Mark Kokes, responsabile della licenza di Adeia e direttore generale del settore media, ha sottolineato l'importanza dell'accordo nel dimostrare la continua rilevanza della loro tecnologia nel settore della video streaming. Le tecnologie avanzate e la proprietà intellettuale di Adeia contribuiscono a migliorare l'esperienza dei consumatori nell'intrattenimento digitale, mentre l'azienda continua a promuovere l'innovazione e a fornire soluzioni per il settore.
Adeia (Nasdaq: ADEA) ha anunciado la renovación de su acuerdo de licencia de propiedad intelectual (IP) con Roku, la principal plataforma de transmisión de TV en EE. UU. La renovación por varios años asegura el acceso continuo de Roku al portafolio de IP de medios de Adeia para sus productos y servicios.
El Dr. Mark Kokes, director de licencias de Adeia y gerente general de medios, enfatizó la importancia del acuerdo al demostrar la relevancia continua de su tecnología en el sector de transmisión de video. Las tecnologías de medios avanzadas y la propiedad intelectual de Adeia contribuyen a mejorar la experiencia del consumidor en el entretenimiento digital, mientras la empresa continúa impulsando la innovación y ofreciendo soluciones para la industria.
Adeia (Nasdaq: ADEA)는 미국의 주요 TV 스트리밍 플랫폼인 Roku와의 지적 재산권(IP) 라이센스 계약을 갱신했다고 발표했습니다. 다년간의 갱신을 통해 Roku는 Adeia의 미디어 IP 포트폴리오에 지속적으로 접근할 수 있게 됩니다.
Adeia의 라이센스 수석 책임자이자 미디어 총괄 매니저인 Dr. Mark Kokes는 이 계약의 중요성을 강조하며, 그들의 기술이 스트리밍 비디오 분야에서 지속적으로 관련성이 있음을 보여준다고 밝혔습니다. Adeia의 첨단 미디어 기술과 IP는 디지털 엔터테인먼트에서 소비자 경험을 향상하는 데 기여하며, 회사는 계속해서 혁신을 주도하고 업계를 위한 솔루션을 제공하고 있습니다.
Adeia (Nasdaq: ADEA) a annoncé le renouvellement de son contrat de licence de propriété intellectuelle (IP) avec Roku, la principale plateforme de streaming TV aux États-Unis. Ce renouvellement pluriannuel garantit à Roku un accès continu au portefeuille IP média d'Adeia pour ses produits et services.
Dr. Mark Kokes, responsable des licences chez Adeia et directeur général des médias, a souligné l'importance de cet accord en démontrant la pertinence continue de leur technologie dans le secteur de la vidéo à la demande. Les technologies avancées et la propriété intellectuelle d'Adeia contribuent à améliorer l'expérience des consommateurs dans le divertissement numérique, tandis que l'entreprise continue d'innover et de fournir des solutions pour l'industrie.
Adeia (Nasdaq: ADEA) hat die Erneuerung seines Lizenzvertrags über geistiges Eigentum (IP) mit Roku, der führenden TV-Streaming-Plattform in den USA, bekannt gegeben. Die mehrjährige Erneuerung gewährleistet Roku den fortlaufenden Zugang zu Adeias Medien-IP-Portfolio für seine Produkte und Dienstleistungen.
Dr. Mark Kokes, Chief Licensing Officer und General Manager für Medien bei Adeia, betonte die Bedeutung des Vertrags, indem er auf die anhaltende Relevanz ihrer Technologie im Bereich Streaming-Video hinwies. Die fortschrittlichen Medientechnologien und IP von Adeia tragen zur Verbesserung der Verbrauchererfahrungen im digitalen Entertainment bei, während das Unternehmen weiterhin Innovationen vorantreibt und Lösungen für die Branche bereitstellt.
- Secured multi-year IP license renewal with Roku, the #1 U.S. TV streaming platform
- Maintains steady revenue stream through continued licensing agreement
- Strengthens market position in streaming technology sector
- None.
Insights
The renewal of the IP licensing agreement with Roku represents a strategic win for Adeia, securing continued revenue streams from the leading TV streaming platform in the U.S. The multi-year nature of the agreement provides stable, predictable licensing income, which is particularly valuable given Roku's dominant market position and growth trajectory. To put this in simple terms: imagine Adeia as a technology cookbook creator and Roku is paying to keep using these recipes in their streaming devices and services.
The timing is particularly noteworthy as streaming services continue to expand, with Roku maintaining its market leadership position. While specific financial terms aren't disclosed, these types of agreements typically involve both upfront payments and ongoing royalties based on unit sales or revenue. The renewal suggests Roku finds continued value in Adeia's IP portfolio, particularly in areas of video processing, content delivery and user interface technologies.
For context, Adeia's media IP portfolio is a important asset that generates substantial recurring revenue through licensing agreements with major technology companies. The retention of Roku as a licensee validates both the strength of Adeia's patent portfolio and its ongoing relevance in the evolving digital entertainment landscape. In layman's terms, this deal helps ensure Adeia continues to get paid for the technological 'building blocks' that help make Roku's streaming services work smoothly.
This renewal holds strategic significance in the streaming market context, where Roku commands approximately 50% of the U.S. streaming platform market. Maintaining this relationship is important for Adeia, as Roku shipped over 75 million active accounts in recent reports. Think of this like having a toll booth on a major highway - the more cars (in this case, Roku devices) that pass through, the more revenue potential for Adeia.
The agreement's timing aligns with the broader industry trend of increased streaming adoption, with the global streaming device market expected to grow at a CAGR of 12.1% through 2028. Roku's continued commitment to licensing Adeia's technology portfolio suggests they see it as essential for maintaining their competitive edge in a market where technical performance and user experience are key differentiators.
SAN JOSE, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Adeia Inc. (Nasdaq: ADEA), today announced it has renewed its intellectual property (IP) license agreement with Roku, the #1 TV streaming platform in the U.S. The multi-year renewal extends Roku’s access to Adeia’s media IP portfolio for its products and services.
"We are excited to renew our agreement with Roku, a leader in the streaming digital entertainment space," said Dr. Mark Kokes, Adeia’s chief licensing officer and general manager, media. “This agreement demonstrates the ongoing relevance and importance of our technology in the streaming video field.”
Adeia’s advanced media technologies and intellectual property play a role in enhancing consumer experiences in the evolving digital entertainment landscape. Through its technology and intellectual property, Adeia continues to drive innovation and deliver cutting-edge solutions for the industry.
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
press@adeia.com
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