Foxtel, Australia’s leading pay-TV platform, and Adeia Inc., the newly independent IP licensing business (NASDAQ:ADEA), today announced that Foxtel has signed a multi-year intellectual property (IP) license renewal. This agreement offers Foxtel’s pay-TV platform as well as Foxtel’s online streaming platforms, including Foxtel Now, Kayo, and Binge, ongoing access to Adeia’s industry-leading media technology patent portfolio.
“We believe that our relationship with Foxtel demonstrates how pay-TV and OTT providers around the world use Adeia’s intellectual property to reach consumers in more innovative ways,” said Dr. Mark Kokes, Chief Licensing Officer and General Manager of Adeia’s media business. “We are proud to continue working with Foxtel, one of Australia’s most innovative media companies, to enable the next-generation of entertainment technology.”
Adeia has spent decades investing in research and development to create market-leading technologies for the media and entertainment industry. Adeia’s innovative solutions touch practically every aspect of consumers’ day-to-day interaction with their entertainment, enabling Adeia’s customers to build customized, next-generation digital entertainment solutions for users around the globe.
