Adeia Inc. (Nasdaq: ADEA) (“Adeia” or “Company”), the company whose
patented innovations shape the way the world explores and
experiences entertainment, today announced Liberty Global (Nasdaq:
LBTYA, LBTYB and LBTYK), a global leader in converged broadband,
video and mobile communications, has agreed to a long-term renewal
agreement for Adeia’s media intellectual property (IP) portfolio.
Liberty Global has played a critical role in bringing advanced
digital communications and entertainment services to its customers.
According to Statista, the operator remains the pay-TV subscriber
leader in Europe, with 18 million customers projected in the region
for 2023.
“The agreement covers the network service provider operations
offered by Liberty Global through its various brands -- including
its mobile, broadband and pay-TV services. This renewal reflects
the importance of Adeia’s media IP portfolio in the European video
services market. It is a position that we intend to expand by
continuously advancing innovations that enhance the customer
experience through next-generation discovery, search and targeted
advertising technologies, among other initiatives,” said Dr. Mark
Kokes, Adeia's chief licensing officer and general manager,
media.
Adeia’s media IP portfolio offers pay-TV providers the
opportunity to deliver truly personalized media experiences through
enhanced content discovery, search and recommendation capabilities,
among many others.
“Innovation is pivotal to making our entertainment solutions
even more powerful and engaging as new generations of digital-first
customers continue to demand best in class entertainment. We are
pleased to renew our IP license agreement with Adeia and leverage
the expanding scope of their media IP portfolio to provide our
subscribers with the most compelling experiences,” said Adrian
Drury, Liberty Global’s Managing Director, Platform Technology.
About Adeia
Adeia 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.
About Liberty Global
Liberty Global (Nasdaq: LBTYA, LBTYB and LBTYK) is a world
leader in converged broadband, video and mobile communications
services. We deliver next-generation products through advanced
fiber and 5G networks, and currently provide over 85 million
connections* across Europe and the United Kingdom. Our businesses
operate under some of the best-known consumer brands, including
Virgin Media-O2 in the U.K., VodafoneZiggo in The Netherlands,
Telenet in Belgium, Sunrise in Switzerland, Virgin Media in Ireland
and UPC in Slovakia. Through our substantial scale and commitment
to innovation, we are building Tomorrow’s Connections Today,
investing in the infrastructure and platforms that empower our
customers to make the most of the digital revolution, while
deploying the advanced technologies that nations and economies need
to thrive.
Safe Harbor Statement
This press release contains "forward-looking statements" within
the meaning of the federal securities laws, including Section 27A
of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. These forward-looking
statements are based on information available to the Company as of
the date hereof, as well as the Company’s current expectations,
assumptions, estimates and projections that involve risks and
uncertainties. In this context, forward-looking statements often
address expected future business, financial performance and
financial condition, and often contain words such as "expect,"
"anticipate," "intend," "plan," "believe," "could," "seek," "see,"
"will," "may," "would," "might," "potentially," "estimate,"
"continue," "expect," "target," similar expressions or the
negatives of these words or other comparable terminology that
convey uncertainty of future events or outcomes. All
forward-looking statements by their nature address matters that
involve risks and uncertainties, many of which are beyond the
Company’s control, and are not guarantees of future results. These
and other forward-looking statements are subject to risks,
uncertainties and assumptions that could cause actual results to
differ materially from those expressed in any forward-looking
statements. Accordingly, there are or will be important factors
that could cause actual results to differ materially from those
indicated in such statements and, therefore, you should not place
undue reliance on any such statements and caution must be exercised
in relying on forward-looking statements. Important risk factors
that may cause such a difference include, but are not limited to:
the Company’s ability to implement its business strategy; the
Company’s ability to enter into new and renewal license agreements
with customers on favorable terms; the Company’s ability to retain
and hire key personnel; uncertainty as to the long-term value of
the Company’s common stock; legislative, regulatory and economic
developments affecting the Company’s business; general economic and
market developments and conditions; the Company’s ability to grow
and expand its patent portfolios; changes in technology and
development of competing technology in the industries in which in
which the Company operates; the evolving legal, regulatory and tax
regimes under which the Company operates; unforeseen liabilities
and expenses; risks associated with the Company’s indebtedness; the
Company’s ability to achieve the intended benefits of, and its
ability to recognize the anticipated tax treatment of, the recent
spin-off of its product business; unpredictability and severity of
catastrophic events, including, but not limited to, acts of
terrorism or outbreak of war or hostilities, including Russia’s
invasion of Ukraine, and natural disasters; and the extent to which
the COVID-19 pandemic continues to have an adverse impact on the
Company’s business, results of operations, and financial condition
will depend on future developments, including measures taken in
response to the pandemic, which are highly uncertain and cannot be
predicted. These risks, as well as other risks associated with the
business, are more fully discussed in the Company’s filings with
the U.S. Securities and Exchange Commission ("SEC"), including the
Company’s Annual Report on Form 10-K and Quarterly Reports on Form
10-Q. While the list of factors presented here is, and the list of
factors presented in the Company’s filings with the SEC are,
considered representative, no such list should be considered to be
a complete statement of all potential risks and uncertainties.
Unlisted factors may present significant additional obstacles to
the realization of forward-looking statements. Consequences of
material differences in results as compared with those anticipated
in the forward-looking statements could include, among other
things, business disruption, operational problems, financial loss,
legal liability to third parties and similar risks, any of which
could have a material adverse effect on the Company’s consolidated
financial condition, results of operations, liquidity or trading
price of common stock. The Company does not assume any obligation
to publicly provide revisions or updates to any forward- looking
statements, whether as a result of new information, future
developments or otherwise, should circumstances change, except as
otherwise required by securities and other applicable laws.
For Information Contact:Investor RelationsChris
ChaneyIR@adeia.com
Media RelationsJoAnn Yamanipress@adeia.com
Adeia (NASDAQ:ADEA)
過去 株価チャート
から 7 2024 まで 8 2024
Adeia (NASDAQ:ADEA)
過去 株価チャート
から 8 2023 まで 8 2024