Adeia Renews Long-term Intellectual Property License with Foxtel
04 October 2022 - 11:30PM
Foxtel, Australia’s leading pay-TV platform, and Adeia Inc., the
newly independent IP licensing business (Nasdaq: ADEA), today
announced that Foxtel has signed a multi-year intellectual property
(IP) license renewal. This agreement offers Foxtel’s pay-TV
platform as well as Foxtel’s online streaming platforms, including
Foxtel Now, Kayo, and Binge, ongoing access to Adeia’s
industry-leading media technology patent portfolio.
“We believe that our relationship with Foxtel demonstrates how
pay-TV and OTT providers around the world use Adeia’s intellectual
property to reach consumers in more innovative ways,” said Dr. Mark
Kokes, Chief Licensing Officer and General Manager of Adeia’s media
business. “We are proud to continue working with Foxtel, one of
Australia's most innovative media companies, to enable the
next-generation of entertainment technology.”
Adeia has spent decades investing in 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 Inc.Adeia invents, develops and
licenses fundamental innovations that shape the way millions of
people explore and experience entertainment in an increasingly
connected world. From TVs to smartphones, and across all types of
entertainment experiences, Adeia’s technologies allow users to
manage content and connections in a way that is smart, immersive
and personal. For more information, please visit adeia.com.
Contact:Jill Koval, Arbor Advisory
Groupir@adeia.com
SOURCE: Adeia
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