Adeia Inc. announced a multi-year renewal of its intellectual property (IP) license agreement with SK Broadband, a leading Internet Protocol Television (IPTV) provider in South Korea. This agreement grants SK Broadband continued access to Adeia’s media portfolio. The renewed partnership highlights Adeia's commitment to enabling its customers to deliver advanced entertainment solutions in a competitive market.
Dr. Mark Kokes, Adeia’s chief licensing officer and general manager for media, stated that SK Broadband continues to demonstrate its commitment to delivering world-class digital entertainment solutions to its South Korean customer base. Adeia has invested decades in research and development to create transformative technologies for the media and entertainment industry. Its innovative solutions power advanced digital entertainment experiences globally.
This renewal reaffirms SK Broadband's dedication to offering best-in-class entertainment services supported by Adeia's cutting-edge technology. The agreement reinforces Adeia's position as a key technology provider in the evolving entertainment landscape and contributes to its recurring revenue base.
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