Skip to main content

Adeia Enters into Long-Term IP License Renewal with Samsung Electronics for Smart TVs

Written by Customer Service on . Posted in Public Companies.

SAN JOSE, Calif., Jan. 05, 2023 (GLOBE NEWSWIRE) — 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 Samsung Electronics Co., Ltd., a global leader in the electronics industry, entered into a long-term agreement at the end of last year, renewing its license to Adeia’s media intellectual property (IP) portfolio for Samsung’s Smart TVs and related offerings.

“This long-term renewal is a perfect illustration of how innovations emerging from Adeia support global industry players in the rapidly growing connected TV services market. It also demonstrates the strength of our current IP portfolio, which is constantly augmented through continuous innovation and development,” said Paul E. Davis, chief executive officer of Adeia.

The past year has seen a significant shift in digital content consumption behaviors as consumers reevaluate their entertainment budgets. This has prompted a considerable rise in the popularity of AVOD (advertising-based video on demand) and FAST (free ad-supported TV) streaming services. The trend has accelerated with the rapid growth of the connected TV (CTV) market. As a result, new relationships are being forged among advertisers, network operators, streaming providers and consumer electronics manufacturers, which have the potential to change the economics of the industry.

“These market forces have created opportunities for CTV manufacturers to generate new ongoing revenue streams from their devices after consumers purchase their products. It represents a major change in the competitive dynamics of the consumer electronics industry and is a significant opportunity for Adeia as we continue to innovate to address this evolving market,” 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.

About Adeia
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.

For Information Contact:
Investor Relations
Jill Koval
Arbor Advisory Group
IR@adeia.com

Marketing
Stephanie Stocker
marketing@adeia.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.