Adeia Inc. announced a multi-year renewal of its intellectual property (IP) license agreement with Roku, the leading TV streaming platform in the U.S. This renewal extends Roku’s access to Adeia’s media IP portfolio for its products and services. The agreement highlights the ongoing relevance and importance of Adeia's technology in the streaming video field.
Dr. Mark Kokes, Adeia’s chief licensing officer and general manager for media, emphasized the significance of continuing the partnership with Roku, a leader in the streaming digital entertainment space. Adeia's advanced media technologies and intellectual property play a crucial role in enhancing consumer experiences within the evolving digital entertainment landscape.
Through its technology and intellectual property, Adeia continues to drive innovation and deliver cutting-edge solutions for the industry. This renewal with a key player like Roku reinforces Adeia's position as a foundational technology provider in the digital entertainment ecosystem, contributing to its stable revenue base.
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