Adeia(US:ADEA) Newsfilterยท2024-07-08 20:05Core Viewpoint - Adeia Inc. has announced a long-term renewal agreement with Liberty Global for its media intellectual property portfolio, highlighting the significance of Adeia's innovations in enhancing customer experiences in the European video services market [1][2]. Group 1: Company Overview - Adeia is a leading R&D and intellectual property licensing company that focuses on innovative technologies in the media and semiconductor industries, aiming to shape the future of digital entertainment [4]. - Liberty Global is a global leader in converged broadband, video, and mobile communications, providing over 85 million connections across Europe and the UK through various well-known consumer brands [5]. Group 2: Agreement Details - The renewal agreement encompasses Liberty Global's network service provider operations, including mobile, broadband, and pay-TV services, emphasizing the importance of Adeia's media IP portfolio in the European market [2]. - Adeia's media IP portfolio enables pay-TV providers to offer personalized media experiences through enhanced content discovery, search, and recommendation capabilities [2]. Group 3: Innovation and Customer Experience - Innovation is crucial for enhancing entertainment solutions to meet the demands of digital-first customers, and Liberty Global aims to leverage Adeia's media IP portfolio to provide compelling experiences for its subscribers [3].