Adeia Receives Decision in Bell and Telus Litigation
12 October 2022 - 07:05AM
Adeia Inc. (Nasdaq: ADEA) (“Adeia” or the “Company”) announced
today that Adeia Guides Inc. (formerly known as Rovi Guides, Inc.)
received a decision issued by the Federal Court of Canada finding
in favor of Bell Canada and Telus and their respective cable
platforms.
“We are disappointed and disagree with the Court’s ruling and
will be appealing the decision, as we recently did following the
Videotron decision from the same judge earlier this year. As a
reminder, we filed a second lawsuit against Bell last year and
continue to explore all our options with respect to Telus. The
value of our intellectual property is well-established and will
continue to support our long-term opportunity to enter market-based
licenses with Bell and Telus,” said Paul Davis, Adeia’s chief
executive officer. “We also remain confident in our long-term
outlook shared during our investor day last month and we reaffirm
our 2022 guidance. This decision represents a very small fraction
of our overall portfolio of over 9500 patent assets, which we plan
to grow 10% year over year principally through our own internal
innovations. Moreover, our business outlook remains strong, as
evidenced by recent renewals and new license agreements and our
strong track record of completing the vast majority of our license
agreements without litigation.”
Specifically, the Court found each of the asserted claims of the
four patents involved in the case were invalid. The same judge in
the Videotron case previously found the asserted claims of two of
those same patents invalid. The Company’s second lawsuit accuses
Bell of infringing four different patents relating to advanced
interactive program guide functionality and recording, transcoding,
and delivering media content in multiple formats based on the
capabilities of user equipment. This second litigation covers
Bell's Fibe TV cable platform, Satellite TV, and Crave TV services
and names two of Bell’s suppliers, Ericsson and Mediakind, as
defendants.
The full decision is currently subject to confidentiality
restrictions. As more information becomes available, the Company
will determine whether further comment on the decision is
appropriate.
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.
Source: Adeia Inc.
For Information Contact:
Idalia Rodriguez and Jill KovalArbor Advisory
GroupIR@adeia.com
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that may cause such a difference include, but are not limited to:
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Company’s ability to enter into new and renewal license agreements
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