SAN JOSE, Calif., October 11, 2022 (GLOBE NEWSWIRE) — Adeia Inc. ADEA (“Adeia” or the “Company”) announced today that Adeia Guides Inc. (formerly known as Rovi Guides, Inc.) has received a ruling from 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’s 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 are continuing to evaluate all of our options regarding Telus. The value of our intellectual property is well established and will continue to 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 have during of our Investor Day last month, and we are reaffirming our guidance for 2022. This decision represents a very small fraction of our total portfolio of over 9500 patent investments, which we aim to grow at 10% annually over the course of the year, primarily through our own internal innovations Additionally, our business prospects remain strong as evidenced by recent renewals and new license agreements and 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 names two of Bell’s suppliers,…