SAN JOSE, Calif., Jan. 12, 2023 (GLOBE NEWSWIRE) — Adeia Inc. (Nasdaq: ADEA) (“Adeia” or the “Company”), the company whose innovations shape the way the world explores and experiences entertainment, today announced that Fetch TV, an aggregation platform for Australia’s leading content, has renewed a multi-year agreement to license Adeia’s media intellectual property (IP) portfolio.
“As consumer demand for content aggregation services grows in Australia, market leaders like Fetch are integrating the latest innovations to ensure viewers have seamless access to a growing selection of entertainment experiences from “high quality. This patent license extension with Fetch further confirms the value and longevity of Adeia’s intellectual property portfolios, including Australia’s vibrant home entertainment market,” said Dr. Mark Kokes, Director of Licensing and General Manager of Media at Adeia.
As access to entertainment continues to fragment across multiple options: linear channels such as Free-to-Air, subscription and FAST (ad-supported free-to-air television), AVOD (advertising-based video on demand), SVOD (subscription video on demand), EST (e-tail) and TVOD (transactional video on demand): platforms like Fetch are leveraging technical innovation to make it easy and quick to discover the content and services viewers want to enjoy. The intellectual property included in Adeia’s media patent portfolio helps entertainment platforms provide customers with a simpler and more personalized media experience.
“Fetch has been delivering exceptional solutions, providing Australian audiences with rich content and experiences through an entertainment platform that makes it intuitive for subscribers to enjoy the shows they want,” added Dr. Coke.
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. The company’s innovative solutions touch virtually every aspect of consumers’ daily interaction with entertainment, enabling Adeia’s customers to create customized next-generation digital entertainment solutions for users around the world.
About Adeia
Adeia invents, develops and licenses foundational innovations that shape the way millions of people explore and experience entertainment in an increasingly connected world. From televisions to smartphones, and across all types of entertainment experiences, Adeia’s technologies enable users to manage content and connections in a smart, immersive and personal way. For more information, visit adeia.com.
About Fetch TV
Fetch TV is an Australian technology developer and content aggregator, founded in Sydney in 2008. Following an investment by Telstra Group Limited in 2022, the business operates as a joint venture between Telstra (54%) and Astro Holdings. Fetch TV partners with leading Internet service providers and leading retailers to offer subscribers a box-based Internet entertainment aggregation platform for viewing on television and mobile devices. The Fetch product proposition is based on “All your entertainment, made easy”, with all design and development in-house in Australia. The Fetch service offers seamless integrated access to live TV, subscription channels, FAST channels, AVOD and SVOD. Fetch also offers TV and movie stores with content from all the major studios and UFC pay-per-view. Fetch currently serves 600,000 households and the migration to Fetch of the 800,000 Telstra TV base is scheduled to begin from mid-2023. ISP partners include Telstra, TPG, Optus, Vocus and Aussie Broadband. SVOD apps include Netflix, Disney+, Prime Video, Paramount Plus, Stan, Hayu and more Fetch.com.au.
For information contact:
Relations with investors
Ned Mitchell
Arbor Advisory Group
IR@adeia.com
marketing
Stephanie Stocker
Marketing@adeia.com
