Adeia Enters into Long-Term IP License Renewal with Samsung for Mobile Devices
02 Octobre 2023 - 10:47PM
Adeia Inc. (Nasdaq: ADEA), 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 the third quarter, renewing its license to Adeia's media
intellectual property (IP) portfolio for its mobile devices and
related offerings.
“Samsung’s leadership in the Android mobile device market has
been achieved by an unwavering commitment to meeting the dynamic
needs of its customers. Consumers are looking for devices to stay
connected to friends, family and colleagues and also as a gateway
to digital news and entertainment,” said Paul E. Davis, chief
executive officer of Adeia.
According to Statista, Samsung shipped 258 million smartphones
worldwide in 2022, accounting for over a fifth of smartphone
shipments worldwide. The company’s feature-rich devices have
transformed access to communication and digital entertainment
services. In the United States, over 60 percent of consumers report
watching digital video content on smartphones, compared to 56
percent who consume videos on smart TVs. Mobile devices have also
become a driving force behind the global video gaming market, with
smartphone games accounting for 45 percent of video gaming revenue
worldwide, also according to Statista.
“As revenue-generating opportunities on mobile devices continue
to expand, so will the complexity associated with finding and
accessing the content consumers desire. Intuitive and easy-to-use
navigation enabled by Adeia’s media IP portfolio allows subscribers
to leverage voice search and intelligent content recommendations to
streamline the discovery process. This makes it possible for
consumers to spend less time searching and more time enjoying the
content they love. This long-term renewal reflects the importance
of Adeia’s constantly evolving IP portfolio in supporting critical
innovations that drive the mobile device sector forward,” said
Davis.
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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