Adeia Renews IP License Agreement with TVStorm
10 Mai 2023 - 10:05PM
Adeia Inc. (Nasdaq: ADEA), the company whose patented innovations
shape the way the world explores and experiences entertainment,
today announced that TVStorm, Inc., a leading provider of set-top
box middleware, renewed its license agreement for Adeia's media
intellectual property (IP) portfolio, which supports TVStorm’s
customers in the pay-TV market in Korea.
This multi-year renewal provides TVStorm with continued access
to IP that underpins the company’s ability to enhance its content,
search and recommendation services, as well as electronic
programming guide functionality for Korean pay-TV providers.
“The rapidly evolving video entertainment landscape requires a
personalized media experience upheld by next-generation solutions
that deliver recommendation carousels and search results tuned to
individual viewers’ needs and desires. Adeia’s innovative IP
enables multiple technologies to work together in enhancing this
tailored customer experience,” said Dr. Mark Kokes, Adeia’s chief
licensing officer and general manager of media.
This renewal illustrates the long-standing partnership between
Adeia and TVStorm. It is also the latest example of Adeia’s strong
presence in the dynamic Korean market.
“This partnership supports TVStorm’s ongoing efforts to meet the
demands of sophisticated pay-TV subscribers in the highly
competitive Korean market,” said Kokes.
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 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 RelationsChris
ChaneyIR@adeia.com
Media RelationsStephanie StockerConveyor
Marketingmarketing@adeia.com
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