Adeia Enters into IP License Agreement with Magenta Telekom

Adeia Inc. (Nasdaq: ADEA) ("Adeia" or the "Company"), the company whose patented innovations shape the way the world explores and experiences entertainment, today announced Magenta Telekom, a leading provider of Internet, mobile communications, entertainment and business solutions, has entered into an agreement to license Adeia’s media intellectual property (IP) portfolio.

According to analysts at Statista¹, the vast majority of Austrian consumers (86%) report accessing digital video content. Magenta Telekom has played an important role in bringing next-generation digital communications and video entertainment services to its customers.

“The agreement covers certain Magenta Telekom video and pay-TV services in its network service provider operations,” said Dr. Mark Kokes, Adeia's chief licensing officer and general manager, media. “This demonstrates the growing significance of Adeia’s media IP portfolio in the European video services market. It is a position that we intend to expand by investing in innovations that enhance the customer experience. This includes next- generation discovery, search and targeted advertising technologies, among other initiatives.”