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Stock impact report

Adeia Enters into Long-Term IP License Agreement with Astound Broadband

Adeia Inc. (ADEA) 
Company Research Source: GlobeNewswire
SAN JOSE, Calif., April 30, 2024 (GLOBE NEWSWIRE) -- Adeia Inc. (Nasdaq: ADEA), the company whose patented innovations shape the way the world explores and experiences entertainment, has entered into an agreement with Astound Broadband, a leading provider of digital TV, high-speed internet and phone services for residential and business customers across the United States, to license Adeia’s media intellectual property (IP) portfolio. National demand for pay-TV and high-speed internet services has undergone notable changes over the past few years as the result of technological advancements and shifting consumer preferences. Astound has demonstrated an ability to navigate the evolving competitive telecommunications landscape by expanding its service footprint, investing in advanced infrastructure and introducing innovative entertainment technology experiences. "Astound is one of the largest pay-TV and broadband providers in the country. Its leadership team has developed and maintain Show less Read more
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