Adeia Initiates Patent Infringement Litigation Against Disney
Adeia Inc. (ADEA)
Company Research
Source: GlobeNewswire
SAN JOSE, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Adeia Inc. (Nasdaq: ADEA) (the “Company” or “Adeia”) announced today that it has filed multiple patent infringement lawsuits in the United States and Europe against The Walt Disney Company and certain of its subsidiaries, including Hulu and ESPN. The Company filed one lawsuit in the U.S. District Court for the District of Delaware and three lawsuits in Europe, including two in the Unified Patent Court and one in Germany. “We always prefer to reach a mutually agreeable resolution without litigation as we have done with the vast majority of our customers, however we were left with no choice but to defend our intellectual property from Disney’s unauthorized use,” said Paul E. Davis, chief executive officer of Adeia. “We strongly believe these actions are in the best interests of the Company, our shareholders and our customers. While we remain willing to negotiate a resolution that fairly compensates Adeia for our valuable intellectua
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