Adeia Enters into IP License Agreement with Magenta Telekom
SAN JOSE, Calif., April 18, 2024 (GLOBE NEWSWIRE) -- Adeia Inc. (Nasdaq: ADEA) ("Adeia" or the "Company"), the company whose patented innovations shape the way the world explores and experiences entertainment, today announced Magenta Telekom, a leading provider of Internet, mobile communications, entertainment and business solutions, has entered into an agreement to license Adeia’s media intellectual property (IP) portfolio.
- SAN JOSE, Calif., April 18, 2024 (GLOBE NEWSWIRE) -- Adeia Inc. (Nasdaq: ADEA) ("Adeia" or the "Company"), the company whose patented innovations shape the way the world explores and experiences entertainment, today announced Magenta Telekom, a leading provider of Internet, mobile communications, entertainment and business solutions, has entered into an agreement to license Adeia’s media intellectual property (IP) portfolio.
- According to analysts at Statista1, the vast majority of Austrian consumers (86%) report accessing digital video content.
- Magenta Telekom has played an important role in bringing next-generation digital communications and video entertainment services to its customers.
- “The agreement covers certain Magenta Telekom video and pay-TV services in its network service provider operations,” said Dr. Mark Kokes, Adeia's chief licensing officer and general manager, media.