Adeia Inc. announced that Sharp Corporation, a global smart TV and consumer electronics manufacturer, has renewed a multi-year worldwide license for Adeia's media intellectual property (IP) portfolio. This renewal extends a partnership that has spanned over 25 years, underscoring the long-standing value of Adeia's innovations in the consumer electronics market. The agreement encompasses Adeia's expansive media IP portfolio.
Dr. Mark Kokes, Adeia's chief licensing officer and general manager for media, expressed pleasure in continuing the partnership with Sharp, recognizing the company's strong reputation as a leader in entertainment technology. Sharp is known for its expertise in display technologies and offers a range of smart TVs and consumer electronics that deliver high-quality experiences globally.
This multi-year agreement ensures that Sharp will continue to utilize Adeia's patented innovations, which shape how consumers explore and experience entertainment. The renewal reinforces Adeia's position as a foundational innovator in the digital entertainment space and contributes to its stable, recurring revenue base.
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