Adeia Renews IP License Agreement with Enseo to Enable Innovative Digital Entertainment Services for the Hospitality Industry
11 Juillet 2023 - 2:30PM
Adeia Inc. (Nasdaq: ADEA), the company whose innovations shape the
way the world explores and experiences entertainment, today
announced that it has renewed its agreement with Enseo, LLC, a
leading technology services provider for the hospitality industry,
to license Adeia's media intellectual property (IP) portfolio.
Enseo provides technology solutions that improve the in-room
digital entertainment experience of hotel and resort guests. The
company offers property managers, owners and guests next-generation
software, middleware and hardware solutions to meet the evolving
consumer desires for entertainment and digital services when they
are away from home. The confluence of pay-TV and streaming services
is quickly reshaping the digital entertainment landscape and
transforming how video, entertainment and connectivity services are
delivered to guests.
"Enseo is addressing the evolving needs of hotels and resorts to
deliver best in class in-room digital entertainment experiences to
guests," said Dr. Mark Kokes, Adeia's chief licensing officer and
general manager, media. "The video consumption needs of today’s
travelers have evolved significantly. This agreement further
validates Adeia's market-leading technology as an enabler of
digital entertainment experiences, which offers competitive
differentiation in the hospitality industry. We look forward to
continuing to deepen and extend our relationship with Enseo."
Consumers today expect the same high-quality content and
entertainment experiences that they have at home when they travel.
Hospitality industry analysts suggest that approximately 75% of
guests want access to robust linear and streaming services, and are
willing to pay a premium to stay in properties that offer these
capabilities. As a result, industry executives are under increasing
pressure to provide intuitive and seamless video services.
“Hotel and resort operators are paying greater attention to the
personalization of guest services, which includes providing
entertainment and digital experiences. Adeia’s media IP portfolio
underpins the technologies that support Enseo in creating a
tailored in-room entertainment experience for guests,” said Dr.
Kokes.
Adeia has spent decades investing in 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 AdeiaAdeia 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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