LOS
ANGELES, July 26, 2023 /PRNewswire/
-- Cineverse Corp. ("Cineverse" or the "Company")
(NASDAQ: CNVS), a global streaming technology and
entertainment company with one of the world's largest portfolios of
streaming channels and content library, today announced the release
of MatchpointAI. This cutting-edge AI-based platform and
marketplace is set to revolutionize the streaming landscape,
providing an easy-to-use solution for video content producers,
streaming platforms, and OEMs to prepare, optimize and future-proof
their content through the power of AI.
The global AI in media & entertainment market size is
expected to reach $99.48 billion by
2030, according to a new report by Grand View Research, Inc. The
market is anticipated to expand at a CAGR of 26.9%.
MatchpointAI is an innovative blend of Cineverse's proprietary
AI tools and an array of pre-integrated third-party AI tools,
marking a milestone in the advancement of video streaming
technology. MatchpointAI leverages Cineverse's proprietary
enterprise-grade content processing platform, Dispatch™, to provide
content owners and streaming services access to industry-leading
capabilities that can eliminate expensive, time consuming manual
work preparing film and television assets for global distribution.
With more than 4,500 streaming services across 180 countries,
companies face unprecedented issues in scale processing of even
modest-sized content libraries. MatchpointAI will provide companies
a premium, affordable path to scale global content processing and
delivery at far lower error rates at substantially reduced costs,
while simultaneously preparing content libraries for
next-generation implementations. The platform is now available with
the following proprietary and third-party AI tools fully
integrated:
Proprietary AI Tools:
- Matchpoint QC: Our proprietary Video QC tool utilizes AI
to conduct thorough quality control inspections across more than 75
different parameters across both original source video and audio
elements ensuring that all ingested assets pass a stringent quality
control process.
- Dispatch Detect: This state-of-the-art tool employs
sophisticated AI technology, utilizing computer vision and a
sophisticated rules-based framework to intelligently detect and
create frame-accurate ad breaks within video content which adhering
to the published specifications of all streaming platforms. This
tool effectively eliminates the need for manual screening of video
content - a process that is both time-consuming and costly.
- Dispatch Keystone: This innovative graphics AI-based
tool automatically creates movie and television series art in
hundreds of different graphic formats to the exact specification of
every streaming platform, eliminating the need for human graphic
artists to manually create and export end-user art in a variety of
formats and resolutions.
Third-Party AI Tools and Plugins:
- OpenAI: The original pioneering general AI
solution, Our OpenAI plugin helps users complete critical metadata
with precision, addressing areas such as missing film synopsis,
cast information, and production credits, making content more
robust and user-friendly.
- VionLabs: VionLabs' AI platform offers a
comprehensive analysis of subjective traits of a film such as
theme, mood, color palette, and tone to inform recommendation
engines in a far more subjective manner with enriched metadata that
will enhance user's search and viewing experience.
- Papercup AI: Papercup's AI-powered dubbing lets content
owners localize their videos into multiple languages at scale.
Papercup's AI voices and team of professional translators mean
quality content can now receive quality dubbing much faster and
more affordable.
- Iris.tv: Iris.tv brings a unique approach to
contextual metadata creation targeting premium ad buyers. Through
this integration, MatchpointAI drives Iris.tv's AI tools to create
contextual metadata tags at a scene-level. The resulting unique
identifiers can then be passed on to ad buyers seeking to
micro-target their ad buys.
- Valossa: Valossa's AI technology excels in creating
AI-generated 15 & 30 second preview and promotional clips and
providing scene-level contextual tags, enhancing user engagement by
enabling a superior search experience and more relevant content
recommendations.
- Spherex: Spherex's AI solution automates the
process of reviewing titles for content compliance at a territory
level. From inappropriate language to nudity, violence and more,
the product identifies objectionable content based on local
regulations and cultural sensitivities. This provides an efficient
and accurate process for content screening to meet established
broadcast standards & practices, thereby adhering to the vast
legal and cultural needs of global platforms efficiently and at
scale.
- Venera Technologies CapMate: CapMate AI-based
solution provides an automated, efficient way to verify and correct
accompanying caption/subtitle files, ensuring they meet the
stringent FCC requirements set by the government and streaming
platforms.
- Venera Technologies Quasar: Quasar is the
first AWS-verified native-cloud A/V QC solution with advanced
Audio/Video verification capabilities as well as support for
4K, HDR, Dolby Atmos, and Harding
PSE, ensuring all media files are free of artifacts, meeting high
quality standards expected by various media and streaming
platforms.
- Audible Magic: Audible Magic's identification
solution leverages audio fingerprinting technology, providing a
comprehensive audio matching solution against
a massive library of audio fingerprints for major
label and most independent label music
catalogs. Through Matchpoint's fully integrated
solution, the process of scanning source video assets
to identify royalty-bearing music used within video
content is now automated along
with the creation of music cue sheets which enable
performance rights organizations to accurately compensate artists
and composers.
All these tools are readily available to existing customers via
Cineverse's robust distribution platform, Matchpoint Dispatch,
providing businesses with a simplified billing and go-to-market
solution.
"MatchpointAI is a watershed moment in the video streaming
industry, offering a plethora of unmatched AI capabilities under
one roof," said Dr. Sudeept Bhatnagar, Head of Cineverse R&D.
"As we continue to expand our AI portfolio, MatchpointAI is poised
to become the hub for both enterprises' and consumers' video
creation and distribution requirements. Our platform's scalability,
flexibility and extensible framework promise a future of limitless
innovation by extending our native capabilities by partnering with
best-in-class technology partners that service the video streaming
industry."
As Cineverse continues to forge ahead, the company will continue
to develop new tools and evaluate relevant tools from the rapidly
growing ecosystem of AI technology providers. This continuous
development ensures MatchpointAI will remain at the forefront of AI
innovation for streaming optimization. For the next phase, the
company is evaluating additional tools to automate cleaning,
scaling and restoring content, and is developing new generative AI
tools to help users create timed edits, trailers, and enhanced
promotional content.
"MatchpointAI represents a monumental leap forward in the
streaming industry, delivering unrivaled scalability and
robustness," said Marcus Bergström, CEO of Vionlabs, a strategic
cognitive AI partner. "With its advanced capabilities and seamless
integration of AI tools, MatchpointAI is truly a game-changer.
Vionlabs are proud to be part of this transformative journey,
contributing our groundbreaking cognitive AI technology to bring
next generation metadata to Cineverse and its customers."
To learn more about MatchpointAI including the available pricing
models, please visit www.matchpoint.tv.
About Matchpoint
Matchpoint, a revolutionary product
by Cineverse, is set to change the video streaming landscape. With
a mix of proprietary and third-party AI-based tools, Matchpoint is
revolutionizing how businesses prepare and optimize their content
for streaming.
About Cineverse
Cineverse is a global streaming
technology and entertainment company, boasting one of the world's
largest portfolios of streaming channels and content libraries.
Cineverse entertains consumers worldwide through a range of SVOD,
AVOD, and FAST channels, all powered by its advanced proprietary
technology platform. In addition, Cineverse provides technology
services to some of the world's largest media, retail, and
technology companies. For more information, visit
www.cineverse.com.
Safe Harbor Statement
Investors and readers are
cautioned that certain statements contained in this document, as
well as some statements in periodic press releases and some oral
statements of Cineverse officials during presentations about
Cineverse, along with Cineverse's filings with the Securities and
Exchange Commission, including Cineverse's registration statements,
quarterly reports on Form 10-Q and annual report on Form 10-K, are
"forward-looking'' statements within the meaning of the Private
Securities Litigation Reform Act of 1995 (the "Act'').
Forward-looking statements include statements that are predictive
in nature, which depend upon or refer to future events or
conditions, which include words such as "expects," "anticipates,''
"intends,'' "plans,'' "could," "might," "believes,'' "seeks,"
"estimates'' or similar expressions. In addition, any statements
concerning future financial performance (including future revenues,
earnings, or growth rates), ongoing business strategies or
prospects, and possible future actions, including those relating to
the timing and completion of the proposed offering, which may be
provided by Cineverse's management, are also forward-looking
statements as defined by the Act. Forward-looking statements are
based on current expectations and projections about future events
and are subject to various risks, uncertainties, and assumptions
about Cineverse, its technology, economic and market factors, and
the industries in which Cineverse does business, among other
things. These statements are not guarantees of future performance,
and Cineverse undertakes no specific obligation or intention to
update these statements after the date of this release.
For additional information, please contact:
The Lippin Group for
Cineverse
cineverse@lippingroup.com
At Cineverse
Julie
Milstead
424-281-5411
investorrelations@cineverse.com
The Equity Group Inc.
Carolyne
Sohn
408-538-4577
csohn@equityny.com
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SOURCE Cineverse Corp.