LBTYB - Adeia renews long-term IP license agreement with Liberty Global
2024-07-08 16:38:48 ET
- Adeia ( ADEA ) has announced that Liberty Global ( NASDAQ: LBTYK ) has agreed to a long-term renewal agreement for Adeia’s media intellectual property portfolio.
- According to Statista, the operator remains the pay-TV subscriber leader in Europe, with 18 million customers projected in the region for 2023.
- The agreement covers the network service provider operations offered by Liberty Global through its various brands, including its mobile, broadband and pay-TV services.
- "We are pleased to renew our IP license agreement with Adeia and leverage the expanding scope of their media IP portfolio to provide our subscribers with the most compelling experiences,” said Adrian Drury, Liberty Global’s Managing Director, Platform Technology.