Adeia Renews IP License Agreement with Altice USA
Adeia Inc. (Nasdaq: ADEA) ("Adeia" or the "Company"), the company
whose patented innovations shape the way the world explores and
experiences entertainment, today announced that Altice USA
(“Altice”), a leading provider of broadband, video, mobile,
proprietary content and advertising services, signed an early
renewal agreement extending their license to Adeia's media
intellectual property (IP) portfolio, which supports Altice’s
Optimum services, including their cable TV and over-the-top (OTT)
“We are pleased to announce this early renewal, which extends
our long term relationship with Altice. The US pay-TV market is
among the most competitive environments in the world. Leaders in
this segment, including Altice, are leveraging innovations that
improve digital entertainment experiences to help consumers
quickly, easily and intuitively find the content and services they
want to enjoy,” said Paul E. Davis, chief executive officer of
With nearly five million residential and business customers
across 21 states, including the New York City tri-state area,
Altice is one of the largest broadband communications and video
service providers in the United States.
“We are pleased to extend our long-term partnership with Adeia
in support of Altice’s Optimum services,” said Yossi Benchetrit,
chief procurement and programming officer at Altice.
This agreement supports the latest generation of video service
technologies and it ensures that Altice meets the high expectations
of its customers for content quality and intuitive navigation.
“Adeia’s media IP portfolio offers pay-TV providers the
opportunity to deliver consumers a truly personalized media
experience by continuously advancing innovations that enhance the
customer experience, including improvements for content discovery,
search and recommendations, among many others,” said Davis.
As an innovation incubator, Adeia has spent decades investing in
advanced 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.
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.
Altice USA (NYSE: ATUS) is one of the largest broadband
communications and video services providers in the United States,
delivering broadband, video, mobile, proprietary content and
advertising services to nearly 5.0 million residential and business
customers across 21 states through its Optimum brand. The Company
operates a4, an advanced advertising and data business, which
provides audience-based, multiscreen advertising solutions to
local, regional and national businesses and advertising clients.
Altice USA also offers hyper-local, national, international and
business news through its News 12, Cheddar News and i24NEWS
For Information Contact:Investor
RelationsIdalia Rodriguez and Ned MitchellArbor Advisory
A photo accompanying this announcement is available at
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