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Stock impact report

Adeia Renews Media IP License Agreement with Panasonic Entertainment & Communication Co., Ltd.

Adeia Inc. (ADEA) 
Company Research Source: GlobeNewswire
SAN JOSE, Calif., May 09, 2024 (GLOBE NEWSWIRE) -- Adeia Inc. (Nasdaq: ADEA), the company whose patented innovations shape the way the world explores and experiences entertainment, today announced that Panasonic Entertainment & Communication Co., Ltd. (“Panasonic”), a global provider of services and products, has agreed to a multi-year renewal of its license for Adeia's media intellectual property (IP) portfolio. As a leading manufacturer of smart and connected TVs and a wide range of consumer electronics, Panasonic has played an iconic role in offering customers around the world access to innovative digital and entertainment technologies. "Panasonic is a touchstone brand for an extensive lineup of consumer electronics, including smart and connected TVs," said Dr. Mark Kokes, Adeia's chief licensing officer and general manager, media. "Adeia's constantly evolving media IP portfolio contains foundational technologies that support original equipment manufacturers' efforts to mee Show less Read more
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