Adeia Inc. announced the multi-year renewal of its intellectual property (IP) license agreement with LG U+, one of South Korea's leading IPTV service providers. This renewal extends LG U+'s access to Adeia's media portfolio for its products and services. The agreement underscores the continued importance and relevance of Adeia's media portfolio in the dynamic IPTV market.
Dr. Mark Kokes, Adeia's chief licensing officer and general manager for media, highlighted LG U+'s significant presence in South Korea's robust and expanding digital entertainment landscape. This renewed partnership solidifies Adeia's role as a critical enabler of innovative media technologies in one of the world's most advanced entertainment markets.
The ongoing collaboration ensures that LG U+ can continue to leverage Adeia's patented innovations to deliver enhanced entertainment experiences to its customer base. This renewal contributes to Adeia's stable revenue stream and reinforces its strategic position in the global media industry.
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