Adeia(ADEA) Newsfilter·2024-04-18 12:30Core News Summary - Adeia Inc has entered into a licensing agreement with Magenta Telekom for its media intellectual property (IP) portfolio [1] - The agreement covers Magenta Telekom's video and pay-TV services in its network service provider operations [2] - Adeia aims to expand its position in the European video services market by investing in innovations such as next-generation discovery, search, and targeted advertising technologies [2] Company Overview Adeia Inc - Adeia is a leading R&D and intellectual property (IP) licensing company specializing in media and semiconductor industries [3] - The company's innovations underpin technology solutions that shape the future of digital entertainment and electronics [3] - Adeia's IP portfolios power connected devices used by millions globally [3] Magenta Telekom - Magenta Telekom is a leading provider of Internet, mobile communications, entertainment, and business solutions in Austria [4] - The company has approximately 2,200 employees and generated sales of around 1.39 billion euros in 2022 [4] - Magenta Telekom offers ultra-fast broadband, mobile communications, and digital life and work technologies [4] Market Context - 86% of Austrian consumers access digital video content, highlighting the significance of digital entertainment services in the region [1] - Magenta Telekom plays a key role in delivering next-generation digital communications and video entertainment services to Austrian consumers [1]