The agreement with Astound Broadband is likely to have a positive short-term impact on Adeia Inc.'s stock price. Licensing deals, especially in the technology and media sectors, can lead to increased revenue streams and strengthen the company's market position. Given the significance of this partnership in enhancing digital entertainment experiences, it demonstrates Adeia's commitment to innovation and growth in its field. This could positively influence investor sentiment and the perceived value of Adeia's IP portfolio.