SAN JOSE, Calif. Oct. 11, 2022 (GLOBE NEWSWIRE) — Adeia Inc. (Nasdaq: ADEA) (“Adeia” or the “Company”) announced today that Adeia Guides Inc. (formerly known as Rovi Guides, Inc .) has received a decision of the Federal Court of Canada in favor of Bell Canada and Telus and their respective cable platforms.

“We are disappointed and disagree with the court ruling and will be appealing the decision, as we did recently following the same judge’s Videotron decision earlier this year. As a reminder, we filed a second lawsuit against Bell last year and continue to evaluate all of our options regarding Telus. The value of our intellectual property is well established and will support our long-term opportunity to enter into market-based licenses with Bell and Telus,” said Paul Davis, Chief Executive Officer of Adeia. “We also remain confident in our long-term outlook, which we shared at our investor day last month, and reaffirm our 2022 guidance. This decision represents a very small fraction of our total portfolio of over 9,500 patent investments, which we increase by 10 annually % want to grow, mainly through our own internal innovations. Additionally, our business prospects remain strong as evidenced by recent renewals and new license agreements, as well as our strong track record of completing the vast majority of our license agreements without litigation.”

In particular, the court found that each of the asserted claims of the four patents involved in the case were invalid. The same judge in the Videotron case had previously invalidated the asserted claims of two of those same patents. The company’s second lawsuit alleges Bell infringes four separate patents relating to advanced interactive program guide capabilities and the recording, transcoding and delivery of media content in multiple formats based on user equipment capabilities. This second lawsuit involves Bell’s Fibe TV cable platform, satellite television and Crave TV services and…