Adeia Renews Multi-year IP License Agreement with Paramount
SAN JOSE, Calif., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Adeia Inc. (Nasdaq: ADEA), the company whose patented innovations shape the way the world explores and experiences entertainment, today announced that Paramount has renewed a multi-year license agreement for Adeia’s media intellectual property (IP) portfolio.
- SAN JOSE, Calif., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Adeia Inc. (Nasdaq: ADEA), the company whose patented innovations shape the way the world explores and experiences entertainment, today announced that Paramount has renewed a multi-year license agreement for Adeia’s media intellectual property (IP) portfolio.
- Paramount+ continues to be one of the fastest growing streaming services and in the third quarter of 2023 Paramount+ reported over 63M subscribers.
- Beyond its strong subscription operations, Paramount is also well positioned in the ad-supported sector of streaming video.
- “This renewal reflects our companies’ shared commitment to providing high-quality digital experiences across the diverse video-streaming ecosystem,” said Kokes.