Adeia (ADEA) announced that Samsung Electronics (SSNLF) entered into a long-term agreement at the end of last year, renewing its license to Adeia’s media intellectual property, IP, portfolio for Samsung’s Smart TVs and related offerings. "This long-term renewal is a perfect illustration of how innovations emerging from Adeia support global industry players in the rapidly growing connected TV services market. It also demonstrates the strength of our current IP portfolio, which is constantly augmented through continuous innovation and development," said Paul Davis, chief executive officer of Adeia.
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