Adeia Renews Multi-Year IP License Agreement with Fetch TV

Rhea-AI Summary

Adeia (Nasdaq: ADEA) has announced the renewal of a multi-year IP license agreement with Fetch TV, an Australian digital entertainment platform. The agreement allows Fetch TV to license Adeia's media intellectual property portfolio, strengthening Adeia's position in Australia's home entertainment market.

This renewal follows several significant licensing agreements that reinforce Adeia's role as a foundational technology leader in the digital entertainment ecosystem. The company's innovations are important in powering smart TVs and streaming platforms, reflecting their commitment to advancing video technology and enabling high-quality entertainment experiences.

Adeia's research and development efforts have resulted in market-leading technologies that impact consumers' daily interaction with entertainment, allowing customers to build customized, next-generation digital entertainment solutions globally.

Positive

• Secured multi-year IP license renewal with Fetch TV
• Demonstrates continued market validation through recent significant licensing agreements
• Maintains strong position in Australian entertainment market

Negative

• None.

SAN JOSE, Calif., Feb. 11, 2025 (GLOBE NEWSWIRE) -- Adeia Inc. (Nasdaq: ADEA), the company whose innovations shape the way the world explores and experiences entertainment, today announced that Fetch TV, an Australian digital entertainment platform, has renewed a multi-year agreement to license Adeia's media intellectual property (IP) portfolio.

"As consumer demand for digital entertainment services in Australia continues to grow, platforms like Fetch TV are integrating the latest innovations to ensure viewers have seamless access to a vast selection of high-quality entertainment experiences. This renewal with Fetch TV further confirms the value and relevance of Adeia's intellectual property in Australia's vibrant home entertainment market," said Dr. Mark Kokes, Adeia's chief licensing officer and general manager, media.

"Fetch TV has been delivering exceptional solutions, providing Australian audiences with rich content and experiences over an entertainment platform that makes it intuitive for subscribers to enjoy the programs they desire," Dr. Kokes added.

The renewal with Fetch TV follows a series of significant licensing agreements that underscore Adeia's position as the foundational technology leader in the digital entertainment ecosystem. These recent agreements demonstrate the essential role Adeia's innovations play in powering today's smart TVs and streaming platforms. These deals with market leaders across the streaming and consumer electronics landscape reinforce Adeia's commitment to advancing the future of video technology while highlighting the company's crucial role in enabling seamless, high-quality entertainment experiences for consumers worldwide.

Adeia has spent decades investing in advanced research and development to create market-leading technologies for the media and entertainment industry. The company's innovative solutions touch practically every aspect of consumers' day-to-day interaction with entertainment, enabling Adeia's customers to build customized, next-generation digital entertainment solutions for users around the globe.

About Adeia

Adeia is a leading R&D and intellectual property (IP) licensing company that accelerates the adoption of innovative technologies in the media and semiconductor industries. Adeia's fundamental innovations underpin technology solutions that are shaping and elevating the future of digital entertainment and electronics. Adeia's IP portfolios power the connected devices that touch the lives of millions of people around the world every day as they live, work and play. For more, please visit www.adeia.com.

For Information Contact:

Investor Relations:
Chris Chaney
IR@adeia.com

Media Relations:
JoAnn Yamani
press@adeia.com

FAQ

What is the significance of Adeia's (ADEA) IP license renewal with Fetch TV?

The renewal strengthens Adeia's position in Australia's home entertainment market and validates their media IP portfolio's value in the digital entertainment ecosystem.

How does the Fetch TV agreement impact Adeia's (ADEA) market position in 2025?

The agreement reinforces Adeia's position as a foundational technology leader in the digital entertainment ecosystem and demonstrates their continued relevance in the Australian market.

What recent developments support Adeia's (ADEA) growth in the streaming sector?

Adeia has secured several significant licensing agreements with market leaders across streaming and consumer electronics, strengthening their role in powering smart TVs and streaming platforms.

How does Adeia (ADEA) contribute to the digital entertainment industry?

Adeia invests in advanced R&D to create market-leading technologies that enable customized, next-generation digital entertainment solutions for users globally.