Adeia renews multi-yaer IP license agreement with Paramount

Adeia (ADEA) announced that Paramount (PARA) 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. “The mix of subscription and advertising-based streaming services offered by Paramount provides consumers with an array of options for engaging with digital entertainment in a constantly changing economic landscape,” said Dr. Mark Kokes, Adeia’s chief licensing officer and general manager, media.