Adeia enters into long-term IP license agreement with Astound Broadband

Adeia has entered into an agreement with Astound Broadband, a leading provider of digital TV, high-speed internet and phone services for residential and business customers across the United States, to license Adeia’s media intellectual property portfolio. “Astound is one of the largest pay-TV and broadband providers in the country. Its leadership team has developed and maintained an exceptional reputation for developing a wide range of innovative solutions, including on-demand access to vast libraries of movies and TV shows,” said Dr. Mark Kokes, Adeia’s chief licensing officer and general manager, media. “Our agreement with Astound underscores our mutual commitment to delivering exceptional digital experiences. It addresses the evolving expectations of U.S. consumers by providing Astound with a license to foundational technologies as they seek to build customized and differentiated experiences for their subscribers.”