Adeia Renews IP License Agreement with Japan’s Bandai Namco Filmworks
01 Juin 2023 - 2:30PM
Adeia Inc. (Nasdaq: ADEA), the company whose patented innovations
shape the way the world explores and experiences entertainment,
today announced that Bandai Namco Filmworks, a global leader in the
creation and distribution of VOD (video on demand) animé content,
has renewed its licensing agreement for Adeia's media intellectual
property (IP) portfolio.
Bandai Namco Filmworks is a storied creator of animated videos
that are extremely popular in Japan and globally. With over 2,500
series, Bandai Namco Filmworks holds a robust market position in
the Japanese SVOD (subscription video on demand) market with
properties that include Gundam, LoveLive!, That Time I Got
Reincarnated as a Slime, BLUELOCK, and CODE GEASS, to name just a
few of its blockbuster titles.
Japanese OTT (over-the-top) video segment revenues are projected
to reach US $9.75 billion in 2023 with a user penetration rate that
will grow from 67.5% in 2023 to 76.8% by 2027, according to the
latest research from Statista. The Japanese paid streaming video
market, with a 19% churn rate according to Statista, is highly
competitive and features a sophisticated subscriber base that
demands high-quality content and seamless user experiences.
"This agreement supports Bandai Namco Filmworks' ability to
serve its subscriber base with new animé titles and an immense
library of animé content. Adeia's IP underpins Bandai Namco
Filmworks' efforts to deliver tailored user experiences by
providing advanced content search, personalized recommendations and
analytical features to elevate customer engagement," said Dr. Mark
Kokes, Adeia's chief licensing officer and general manager of
media.
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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