Adeia and LG Electronics Renew Media IP License Agreement
SAN JOSE, Calif., Sept. 16, 2024 (GLOBE NEWSWIRE) -- Adeia Inc. (Nasdaq: ADEA), a leading technology company bringing technology from incubation to reality, today announced the renewal of its intellectual property (IP) license agreement with LG Electronics, Inc. (LG). This multi-year agreement extends the longstanding relationship between the two companies, encompassing Adeia's expansive media IP portfolio.
"We are pleased to continue our partnership with LG, which, for decades, has been a global leader in consumer electronics," said Dr. Mark Kokes, Adeia’s chief licensing officer, media. "This renewal underscores the enduring value of our intellectual property and its importance in enabling cutting-edge entertainment experiences for consumers worldwide."
The renewed agreement covers a wide range of technologies within Adeia's media IP portfolio, including innovations in digital video, content discovery, and smart home technologies. It further highlights Adeia's position as a leading technology innovator and demonstrates the ongoing relevance of its portfolio in the rapidly evolving consumer electronics industry.
For more information about Adeia and its innovations, please visit www.adeia.com.
About Adeia
Adeia invents, develops and licenses fundamental innovations that shape the way millions of people explore and experience entertainment in an increasingly connected world. From TVs to smartphones, and across all types of entertainment experiences, Adeia's technologies allow users to manage content and connections in a way that is smart, immersive and personal. For more information, please visit www.adeia.com.
For Information Contact:
Investor Relations
Chris Chaney
IR@adeia.com
Media Relations
JoAnn Yamani
press@adeia.com
-
What’s Happening in the Markets This Week
-
Worst-Performing Stock ETFs of the Quarter
-
Q3 in Review and Q4 2024 Market Outlook
-
Top-Performing Stock ETFs of the Quarter
-
September Jobs Report Forecasts Show Moderate Hiring Gains
-
Port Strike a Headache for Shippers but a Potential Tailwind for Certain US Transport Stocks
-
13 Charts on Q3′s Roller-Coaster Rally for Stocks and Bonds
-
5 Stocks to Buy Instead of Overpriced US Equities
-
Consumer Defensives: Despite Angst, Thirsty Investors Have Names to Pursue
-
Industrials: Many Stocks Overvalued After Q3 Outperformance
-
Basic Materials: Despite Index Rise, We See Multiple Long-Term Opportunities
-
What the Election Could Mean for Big Tech Stocks
-
3 Lessons From Recent Stock Market Drama
-
Consumer Cyclicals: Even Amid Moderating Consumer Spending, We See Discounts
-
Healthcare: Valuations Look Fair Overall, With Select Industries Still Undervalued
-
Utilities: Falling Interest Rates, Growth Outlook Boosting Stocks