SAN JOSE, Calif., May 9, 2024 (GLOBE NEWSWIRE) — Adeia Inc. (NASDAQ: ADEA), a company whose patented innovations shape the way the world explores and experiences entertainment, today announced that Panasonic Entertainment & Communication Corporation Ltd. (“Panasonic”), a global provider of services and products, has agreed to a multi-year license renewal for Adeia’s media intellectual property (IP) portfolio.
As a leading manufacturer of smart and connected televisions and a wide range of consumer electronics products, Panasonic has played an iconic role in providing customers around the world with access to innovative digital and entertainment technologies.
“Panasonic is a touchstone brand for our broad line of consumer electronics products, including smart and connected TVs,” said Dr. Mark Kokes, Chief Licensing Officer and General Manager of Media at Adeia. “Adeia’s constantly evolving media IP portfolio includes foundational technologies that support his OEM efforts to meet the ever-changing entertainment technology needs and demands of consumers.”
As the demand for new digital and entertainment technologies increases, leading TV manufacturers such as Panasonic are adopting and deploying the latest technology to improve the consumer experience.
About Adea
Adeia is a leading research, development and intellectual property (IP) licensing company that accelerates the adoption of innovative technologies in the media and semiconductor industries. Adeia’s radical innovation powers technology solutions that shape and improve the future of digital entertainment and electronics. Adeia’s IP portfolio powers connected devices that impact how millions of people around the world live, work, and play every day.Learn more about www.adeia.com.
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