Adeia Announces Extended IP Agreement with Frndly TV
09 November 2022 - 8:05AM
Adeia Inc. (Nasdaq: ADEA) (“Adeia” or the “Company”), the company
whose innovations shape the way the world explores and experiences
entertainment, today announced that Frndly TV, the most affordable
live TV provider for the whole family, has entered into a long-term
renewal to license Adeia’s Media patent portfolio.
As one of the fastest growing Pay-TV streaming services in the
U.S., Frndly TV offers consumer friendly, live TV programming
over-the-top (OTT) and has become one of the top 10 largest virtual
Multichannel Video Programming Distributors (vMVPDs).
“Our long-term patent license with Frndly TV emphasizes the
longevity of Adeia’s intellectual property and its continued
importance to live TV as it expands into OTT streaming services,”
said Dr. Mark Kokes, chief licensing officer and general manager of
Adeia’s media business. “With Adeia’s innovations, Frndly TV will
continue to deliver captivating entertainment discovery experiences
to its customers.”
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 Frndly TV
Frndly TV is the most affordable live TV streaming service in
America. Starting at only $6.99/mo., Frndly TV offers 40+ top-rated
live TV networks including A+E®, Hallmark Channel, The History
Channel™, INSP, Lifetime®, Hallmark Movie & Mysteries, Game
Show Network, GAC Family, The Weather Channel and more. Customers
can also access a wide range of on-demand content, including full
libraries from Dove Channel and Curiosity Stream, at no extra cost.
Frndly TV delivers feel good programming at a family friendly
price. For more information, visit www.frndlytv.com.
About AdeiaAdeia 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.
For Information Contact:Jill Koval and Idalia
RodriguezArbor Advisory GroupIR@adeia.com
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