Adeia Inc. has entered into a multi-year agreement with Amazon, granting access to Adeia's media intellectual property (IP) portfolio. This agreement signifies a notable expansion of Adeia's customer base to include a major global technology and entertainment company. The partnership highlights the relevance of Adeia's innovations in today's digital landscape.
Paul E. Davis, Adeia's chief executive officer, expressed satisfaction in including Amazon among its distinguished customers. Adeia's advanced research and development efforts produce fundamental innovations that power next-generation products and enhance digital experiences for consumer and enterprise applications. This deal reinforces Adeia's role in shaping entertainment and connected devices.
The multi-year nature of the agreement provides a stable revenue stream and validates the strength of Adeia's IP in media. This collaboration is expected to further integrate Adeia's patented technologies into Amazon's extensive ecosystem, impacting how millions of people explore and experience entertainment.
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