Adeia renews IP licence agreement with Altice
February 22, 2023
Adeia hasannounced that Altice USA, a provider of broadband, video, mobile, proprietary content and advertising services, signed an early renewal agreement extending their licence to Adeia’s media intellectual property (IP) portfolio, which supports Altice’s Optimum services, including their cable TV and OTT streaming services.
“We are pleased to announce this early renewal, which extends our long term relationship with Altice. The US pay-TV market is among the most competitive environments in the world. Leaders in this segment, including Altice, are leveraging innovations that improve digital entertainment experiences to help consumers quickly, easily and intuitively find the content and services they want to enjoy,” said Paul E. Davis, chief executive officer of Adeia.
With nearly five million residential and business customers across 21 states, including the New York City tri-state area, Altice is one of the largest broadband communications and video service providers in the United States.
“We are pleased to extend our long-term partnership with Adeia in support of Altice’s Optimum services,” said Yossi Benchetrit, chief procurement and programming officer at Altice.
This agreement supports the latest generation of video service technologies and it ensures that Altice meets the high expectations of its customers for content quality and intuitive navigation.
“Adeia’s media IP portfolio offers pay-TV providers the opportunity to deliver consumers a truly personalized media experience by continuously advancing innovations that enhance the customer experience, including improvements for content discovery, search and recommendations, among many others,” said Davis.
As an innovation incubator, Adeia has spent decades investing in advanced 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.