Phoenix New Media Announces Renewal of Trademark License Agreements with Phoenix TV
Portfolio Pulse from Charles Gross
Phoenix New Media Limited (NYSE:FENG), a prominent new media company in China, has announced the renewal of its trademark license agreements with a subsidiary of its parent company, Phoenix Satellite Television Holdings Limited ('Phoenix TV'). The original agreements were established on December 8, 2017, and this renewal ensures the continued use of the trademarks by Phoenix New Media's affiliated consolidated entities.
December 08, 2023 | 11:13 am
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Phoenix New Media's renewal of trademark license agreements with Phoenix TV may positively influence investor sentiment, as it maintains brand consistency and supports the company's operational stability.
The renewal of the trademark license agreements is a positive development for Phoenix New Media as it allows the company to continue leveraging the brand recognition and credibility associated with Phoenix TV. This can be seen as a reaffirmation of the company's stable operational environment and may be viewed favorably by investors in the short term, potentially leading to an uptick in the stock price.
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