Adeia Renews Multi-Year IP License Agreement with SK Broadband
Adeia Inc. (Nasdaq: ADEA) has renewed a multi-year intellectual property (IP) license agreement with SK Broadband, a leading IPTV provider in South Korea. The renewal grants SK Broadband access to Adeia's media portfolio, enabling the delivery of advanced entertainment solutions.
Dr. Mark Kokes, Adeia's chief licensing officer and general manager, media, emphasized that the partnership helps companies navigate the rapidly evolving entertainment landscape while delivering high-quality experiences. The agreement reinforces SK Broadband's commitment to providing world-class digital entertainment solutions to its South Korean customer base, leveraging Adeia's decades of research and development in transformative media technologies.
Adeia Inc. (Nasdaq: ADEA) ha rinnovato un accordo di licenza pluriennale per la proprietà intellettuale (IP) con SK Broadband, un fornitore leader di IPTV in Corea del Sud. Il rinnovo consente a SK Broadband di accedere al portafoglio media di Adeia, permettendo la fornitura di soluzioni di intrattenimento avanzate.
Il Dr. Mark Kokes, responsabile delle licenze di Adeia e direttore generale del settore media, ha sottolineato che la partnership aiuta le aziende a orientarsi nel panorama dell'intrattenimento in rapida evoluzione, offrendo esperienze di alta qualità. L'accordo rafforza l'impegno di SK Broadband a fornire soluzioni di intrattenimento digitale di classe mondiale alla sua clientela sudcoreana, sfruttando decenni di ricerca e sviluppo di Adeia nelle tecnologie dei media trasformative.
Adeia Inc. (Nasdaq: ADEA) ha renovado un acuerdo de licencia de propiedad intelectual (IP) por varios años con SK Broadband, un proveedor líder de IPTV en Corea del Sur. La renovación otorga a SK Broadband acceso al portafolio de medios de Adeia, permitiendo la entrega de soluciones de entretenimiento avanzadas.
El Dr. Mark Kokes, director de licencias y gerente general de medios de Adeia, enfatizó que la asociación ayuda a las empresas a navegar en el panorama del entretenimiento en rápida evolución mientras ofrecen experiencias de alta calidad. El acuerdo refuerza el compromiso de SK Broadband de proporcionar soluciones de entretenimiento digital de clase mundial a su base de clientes en Corea del Sur, aprovechando las décadas de investigación y desarrollo de Adeia en tecnologías de medios transformadoras.
Adeia Inc. (Nasdaq: ADEA)는 한국의 선도적인 IPTV 제공업체인 SK Broadband와 다년간의 지적 재산권(IP) 라이센스 계약을 갱신했습니다. 이번 갱신을 통해 SK Broadband는 Adeia의 미디어 포트폴리오에 접근할 수 있게 되어 고급 엔터테인먼트 솔루션을 제공할 수 있습니다.
Adeia의 라이센스 책임자이자 미디어 총괄 매니저인 마크 코케스 박사는 이 파트너십이 기업들이 빠르게 변화하는 엔터테인먼트 환경을 탐색하는 데 도움을 주며, 고품질 경험을 제공한다고 강조했습니다. 이 계약은 SK Broadband가 한국 고객에게 세계적 수준의 디지털 엔터테인먼트 솔루션을 제공하겠다는 의지를 강화하며, Adeia의 수십 년에 걸친 연구 및 개발을 활용하고 있습니다.
Adeia Inc. (Nasdaq: ADEA) a renouvelé un accord de licence de propriété intellectuelle (PI) pluriannuel avec SK Broadband, un fournisseur leader de IPTV en Corée du Sud. Ce renouvellement accorde à SK Broadband l'accès au portefeuille médiatique d'Adeia, permettant ainsi la livraison de solutions de divertissement avancées.
Le Dr. Mark Kokes, responsable des licences et directeur général des médias chez Adeia, a souligné que ce partenariat aide les entreprises à naviguer dans le paysage du divertissement en rapide évolution tout en offrant des expériences de haute qualité. L'accord renforce l'engagement de SK Broadband à fournir des solutions de divertissement numérique de classe mondiale à sa clientèle sud-coréenne, en s'appuyant sur des décennies de recherche et développement d'Adeia dans les technologies médiatiques transformantes.
Adeia Inc. (Nasdaq: ADEA) hat eine mehrjährige Lizenzvereinbarung für geistiges Eigentum (IP) mit SK Broadband, einem führenden IPTV-Anbieter in Südkorea, erneuert. Die Erneuerung gewährt SK Broadband Zugang zu Adeias Medienportfolio, was die Bereitstellung fortschrittlicher Unterhaltungslösungen ermöglicht.
Dr. Mark Kokes, Chief Licensing Officer und General Manager für Medien bei Adeia, betonte, dass die Partnerschaft den Unternehmen hilft, sich im schnell wandelnden Unterhaltungsumfeld zurechtzufinden und gleichzeitig hochwertige Erlebnisse zu bieten. Die Vereinbarung stärkt das Engagement von SK Broadband, weltklasse digitale Unterhaltungslösungen für seine südkoreanische Kundenbasis bereitzustellen und nutzt Adeias jahrzehntelange Forschung und Entwicklung in transformierenden Medientechnologien.
- Multi-year revenue stream secured through SK Broadband license renewal
- Strengthened market position in South Korean IPTV sector
- Continued monetization of media IP portfolio
- None.
Insights
Adeia's multi-year IP license renewal with SK Broadband represents a critical business development for the company, whose financial model depends heavily on recurring IP licensing revenue. As a pure-play technology licensing company, Adeia derives approximately 90% of its revenue from such agreements, making each renewal essential for maintaining its revenue base and cash flow stability.
The agreement carries strategic significance beyond immediate revenue implications. South Korea represents one of the world's most advanced digital entertainment markets, and SK Broadband's continued willingness to license Adeia's technology portfolio validates the ongoing relevance of Adeia's IP in next-generation entertainment systems. This renewal helps secure Adeia's foothold in the competitive Asia-Pacific region.
From a financial perspective, these licensing agreements typically generate 70-80% gross margins, significantly higher than product-based technology businesses. While specific financial terms weren't disclosed, IP licensing companies like Adeia generally structure deals with minimum guaranteed payments plus potential volume-based royalties.
For investors, this renewal addresses a key business risk - the potential non-renewal of major licensing agreements. Adeia's relatively concentrated customer base makes each significant renewal important for maintaining revenue visibility. This agreement likely supports the company's ability to continue its dividend program, which currently yields approximately 5% and represents a key component of shareholder returns.
The renewal also demonstrates Adeia's continued ability to monetize its R&D investments in media technology, reinforcing its business model of creating and licensing intellectual property rather than manufacturing products directly.
SAN JOSE, Calif., Feb. 26, 2025 (GLOBE NEWSWIRE) -- Adeia Inc. (Nasdaq: ADEA), the company whose innovations shape the way the world explores and experiences entertainment, today announced a multi-year renewal of its intellectual property (IP) license agreement with SK Broadband, a leading Internet Protocol Television (IPTV) provider of high-quality media and telecommunications services in South Korea, for access to Adeia’s media portfolio.
The renewed partnership underscores Adeia's dedication to empowering its customers to deliver groundbreaking entertainment solutions in a dynamic and competitive market. With this agreement, SK Broadband reaffirms its commitment to offering its users best-in-class entertainment services backed by cutting-edge technology from Adeia.
"The entertainment landscape is evolving rapidly, and companies must continuously adapt to stay ahead," said Dr. Mark Kokes, Adeia’s chief licensing officer and general manager, media. "Through strategic partnerships like this, we enable our customers to navigate this dynamic market with confidence, delivering high-quality entertainment experiences that consumers demand."
"SK Broadband continues to demonstrate its commitment to delivering world-class digital entertainment solutions to its South Korean customer base," said Kokes. "Adeia has invested decades in research and development to create transformative technologies for the media and entertainment industry. Its innovative solutions power advanced digital entertainment experiences, allowing partners across the globe to provide seamless, next-generation services that meet the needs of users."
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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