Adeia extends IP license agreement with Verizon

Adeia (ADEA) announced that Verizon (VZ) has entered into a multi-year extension of its license to Adeia’s media patent portfolio. "Our patent license extension with Verizon further confirms the value and longevity of Adeia’s intellectual property portfolios, including in the U.S. pay-TV market," said Dr. Mark Kokes, Adeia’s chief licensing officer and general manager, media. "We are excited to extend our relationship with Verizon, one of the world’s leading providers of technology, communications, information and entertainment products."